British tech tycoon Mike Lynch fails in bid to delay extradition ruling

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On Wednesday, a British court rejected tech entrepreneur Mike Lynch’s bid to delay the extradition process until a decision in a London civil case brought by Hewlett-Packard is made public

Britain must make a decision this week on whether to extradite tech entrepreneur Mike Lynch to the United States after he failed on Wednesday to have it delayed until the end of a multibillion-dollar lawsuit against him.

Lynch has tried to stop the extradition process until a decision in a London civil case brought by Hewlett-Packard is made public, something that is expected in the next few weeks. Whatever Patel concludes will not be the end of the matter as Lynch is likely to appeal if she approves his extradition. Hewlett-Packard is suing Lynch along with his former finance chief Sushovan Hussain for more than $5-billion, alleging they inflated the value of the British data firm before selling it. Lynch and Hussain have denied the allegations.bought Autonomy, whose software searches and sorts data, in 2011 but a year later it wrote down its value by $8.8-billion, saying it had uncovered serious accounting improprieties.

 

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