Mike Lynch, co-founder of UK software firm Autonomy, has been extradited to the United States to face criminal charges in a near decade-long legal battle and fall from grace for a man once hailed as Britain's answer to Bill Gates.
Lynch faces 17 charges over Hewlett Packard's $11 billion acquisition of Autonomy, the company he grew into Britain's leading tech company, before it spectacularly unravelled after being bought by HP in 2011.He arrived in San Francisco on a commercial flight accompanied by U.S. Marshals, court documents show.
The deal quickly soured. Within a year, HP wrote down the value of Autonomy by $8.8 billion and later brought a civil lawsuit in London against Lynch and Autonomy’s former chief financial officer Sushovan Hussain.
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