HEWLETT-PACKARD WINS MAMMOTH HIGH COURT CLAIM AGAINST THE FORMER EXECUTIVES OF UK SOFTWARE COMPANY AUTONOMY FOLLOWING THE UK’S BIGGEST CIVIL FRAUD TRIAL

On 28 January, the Law Society Gazette reported that, after a high-profile trial which began in March 2019 and sat for nearly 100 days, the judge has announced that ’the claimants have substantially succeeded in their claims in these proceedings’.  It is said that the damages will likely be ’considerably less’ than the $5 billion claimed by HP.  The Home Secretary is deciding whether to approve the extradition of founder and chief executive Mike Lynch, 56, to face 17 criminal charges, including wire and securities fraud, in the US over HP’s acquisition of Autonomy.  Meanwhile, chief financial officer Sushovan Hussain, 57, is currently serving a 5-year jail sentence in the US.

https://www.lawgazette.co.uk/news/us-tech-giant-wins-biggest-ever-civil-fraud-trial-/5111329.article

https://mondovisione.com/media-and-resources/news/uk-high-court-autonomy-v-lynch/

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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