Tycoon facing extradition to US awaits decision in final stage of legal fight

A British tech tycoon facing extradition to the United States after being charged with fraud is awaiting a decision on the final stage of a legal battle.

Mike Lynch has challenged in the High Court a decision taken by a judge during extradition proceedings.

A High Court judge considered his challenge at a recent High Court hearing in London and is due to rule on Wednesday.

Judge Swift heard how a Westminster Magistrates’ Court judge dismissed the ‘various challenges’ Mr Lynch had made to the extradition and ruled Home Secretary Priti Patel could decide whether or not to extradite.

Ms Patel then asked District Judge Michael Snow if she could have until March 2022 to make her decision.

Judge Snow denied his request and said she would have to make a decision before Christmas.

Mr Lynch challenged that decision by Judge Snow and wants Judge Swift to overturn it.

US authorities have accused Mr Lynch of being involved in a multi-billion dollar fraud in America over the sale of his software company, Autonomy to Hewlett-Packard in 2011 for $11 billion (£8.5 billion sterling), resulting in “colossal financial losses”. for the American firm.

They claim he deliberately overestimated the value of his company, which specializes in software for sorting through large sets of data.

Mr. Lynch denies all charges against him.

Lawyers representing the US government argued that Mr Lynch’s challenge to Judge Snow’s decision should be dismissed.

Ms Patel wants to review another judge’s decision, in a separate High Court case involving Mr Lynch, before making an extradition decision.

The lawyers explained to Judge Swift how this decision – from Judge Hildyard – was imminent.

Judge Hildyard began overseeing a trial in the High Court in London more than two years ago.

Hewlett-Packard sued Mr Lynch and former Autonomy chief financial officer Sushovan Hussain for around $5bn (£3.8bn) over its purchase of Autonomy in 2011.

The tech giant claimed Mr Lynch ‘committed deliberate fraud over an extended period’ to artificially inflate Autonomy’s value, which it says forced it to announce an $8.8 billion writedown (£6.7bn) worth of the business just over a year. year after its acquisition.

Mr Lynch argued that Hewlett-Packard was trying to make him “a scapegoat for their failures”.

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