Irish-born entrepreneur Mike Lynch to learn verdict of $5bn fraud suit

will finally learn the verdict of a $5 billion fraud suit some two years after the trial ended, in a decision that could have an impact on whether he’s sent to the US to face criminal charges.

A London judge said he would circulate a draft of his long-awaited civil ruling in the case brought by Hewlett-Packard Enterprise as soon as this week, a lawyer for Lynch said in court Tuesday. It would then be made public two to three weeks after that, he said. Lynch has been awaiting the ruling for more than two years following one of the longest and most expensive civil trials that the UK courts have ever seen.

He argues that the ruling would be crucial to his separate fight with the US over extradition to face fraud charges stemming from the $11 billion sale of his software firm Autonomy to Hewlett-Packard. Lynch, who personally made more than $800 million from the HP deal, was “the leader of a corporate conspiracy,” the US alleged. He was arrested in February 2020 and has been on bail ever since. Lynch denies the charges. – Bloomberg

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dancing with the Stars week two introduces us to the next six Irish celebs, and they did not disappoint - VIP MagazineThis weekend saw the second episode of Dancing with the Stars hit our screens, and we got to meet the next six celebrities who are battling it out for that illustrious glitter ball trophy. The 12 couples have been split into two groups of six, and next week’s show will see all of them perform … Continued
Source: VIP Magazine - 🏆 24. / 51 Read more »

Major US airlines warn rollout of 5G services will cause ‘chaos’Major US airlines warn rollout of 5G services will cause ‘chaos’ via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Tens of thousands without power as winter storm blasts US south-eastThe weather was making air travel extremely difficult in some parts of the country.
Source: thejournal_ie - 🏆 32. / 50 Read more »

More than 3,000 flights cancelled as storm batters USMillions of Americans hunkered down as a major winter storm hit the eastern United States with heavy snow and ice knocking power out for an estimated 190,000 customers early today.
Source: rtenews - 🏆 1. / 99 Read more »

Expectations build for more than three US rate rises this yearFed officials and economists predict central bank will go beyond its baseline forecast for increases if inflation persists
Source: IrishTimesBiz - 🏆 6. / 77 Read more »