UK tech tycoon fights US extradition over ill-fated HP deal
Read full article: UK tech tycoon fights US extradition over ill-fated HP dealBritish tech tycoon Michael Lynch arrives at Westminster Magistrates' Court, London, Tuesday, Feb. 8, 2021. A British tech entrepreneur appeared in a London court Tuesday to fight extradition to the United States on fraud charges stemming from his firms takeover by Hewlett-Packard. U.S. prosecutors say Michael Lynch inflated the value of his software company, Autonomy, before it was bought by Hewlett-Packard for $11 billion in 2011. U.S. prosecutors say Michael Lynch inflated the value of his software company, Autonomy, before it was bought by Hewlett-Packard for $11 billion in 2011. HP wrote off most of the Autonomy purchase price the following year, and the debacle triggered a boardroom shakeup at the American tech company.