Terrible Thursday for Darktrace as shares nosedive by 25 per cent after private equity walks away September 8, 2022 Darktrace share price jumped sharply on reports last month that it is in talks with private equity fund Thoma Bravo, although no figure was attributed to the discussions. However, this morning it was confirmed that these talks had ended with no prospect of an offer being made in the near future, although the option was [...]
Mike Lynch $5bn fraud trial enters final stages December 11, 2019 British businessman Mike Lynch will face renewed scrutiny tomorrow as Hewlett-Packard kicks off its closing submissions in a $5.1bn fraud trial centred on its acquisition of software firm Autonomy. Hewlett-Packard is suing Lynch, the founder of software company Autonomy, and the firm’s former finance chief Sushovan Hussain, accusing the company of falsely inflating its revenue [...]
Lynch extradition trial set for decision by Home Secretary this week September 28, 2021 MIKE Lynch’s battle to fight extradition to the US on fraud charges could come to an end this week, with the Home Secretary due to rule on his case tomorrow. Priti Patel had been expected to opine last week but her decision was delayed by seven days.It marks the latest twist and turn in what [...]
US seeks extradition of Autonomy founder Mike Lynch to face charges December 1, 2019 The US has formally requested that the UK extradites British tech billionaire Mike Lynch to stand trial on charges of securities fraud, wire fraud and conspiracy related to the sale of his company Autonomy to Hewlett Packard (HP). The US embassy submitted the request on 21 November for Lynch, who is currently embroiled in a [...]
Darling Darktrace’s shares plummet despite boosting revenue outlook April 13, 2022 Darktrace upped its revenue estimates once again as the world continues to feel the sting of cyber threats.
HP accuses Autonomy boss Mike Lynch of lying in $5bn fraud trial December 12, 2019 Hewlett-Packard (HP) today accused British businessman Mike Lynch of lying to the High Court when he gave evidence in his $5.1bn (£3.9bn) Autonomy fraud trial. HP is suing Lynch, the founder of software firm Autonomy, and his former finance chief Sushovan Hussain, over claims they falsely inflated the company’s revenue for two years before the [...]
Lynch case takes another turn after co-defendant takes aim at key City witnesses November 17, 2021 THE continued fight over Mike Lynch’s proposed extradition to the US to face fraud charges has taken another turn after his co-defendant’s legal team attempted to discredit the evidence of two City analysts who have testified against Autonomy executives in previous court cases. In legal documents filed in Northern California, Lynch’s co-defendent Stephan Chamberlain alleges [...]
Darktrace says its ‘uniquely positioned’ to lead the way in cyber tech despite ongoing controversy November 24, 2021 Darktrace, tech cyber security darling, announced at its Annual General Meeting this morning that the company was "uniquely positioned to lead new phase in cyber security".
Post-float lock-up hits Darktrace shares November 3, 2021 Darktrace's plummet continues, with shares slumping as investors offload stock at the end of the company's post-float lock-up.
End of investor lock-up causes further fall in Darktrace share price – CityAM : CityAM November 1, 2021 Shares in cybersecurity company Darktrace continue to fall sharply as share lock-up on insiders expires on Wednesday. The FTSE 100 company fell as much as 14.7 per cent this morning, and was down around 12.5 per cent by midday. A freeze on insiders offloading shares will end for the company’s biggest investors, meaning tech investors [...]