Autonomy founder Mike Lynch inflated sales before £8.4bn HP deal, court hears March 25, 2019 The biggest civil fraud trial in UK history kicked off on Monday with Hewlett-Packard (HP) accusing entrepreneur Mike Lynch of inflating his software company’s revenues ahead of its £8.4bn sale to the US tech giant in 2011. Lynch “committed a deliberate fraud” to bump up Autonomy’s revenue, the High Court was told. HP is suing [...]
Flexible season tickets on sale from 21 June under new rail plan May 20, 2021 Flexible season tickets will go on sale from 21 June as part of newly announced reforms that represent the most comprehensive overhaul of the UK’s railways in decades. The long-awaited Williams-Shapps review, which was first mooted nearly four years ago, has finally been published by the Department for Transport (DfT). The paper proposes a number [...]
Legal artificial intelligence startup backed by Mike Lynch valued at $100m after funding round February 7, 2019 Legal artificial intelligence business Luminance has hit a $100m (£77m) valuation with backing from investors that include tech billionaire Mike Lynch. Luminance said today it had raised $10m in a series B funding round that valued the business at $100m. Backers include Lynch’s Invoke Capital, Talis Capital and Magic Circle law firm Slaughter and May. Lynch [...]
UK tech entrepreneur Mike Lynch charged in US over Autonomy deal November 30, 2018 Prominent UK tech entrepreneur Mike Lynch has been charged by US authorities with fraud over the sale of software company Autonomy to Hewlett Packard in 2011. The US Department of Justice filed charges against Lynch yesterday in a San Francisco court. The charges carry a maximum penalty of 20 years in prison and include 14 [...]
Natwest Three banker slams ‘pernicious’ US-UK extradition treaty February 10, 2020 A British banker who was extradited to the US for fraud said the extradition treaty between the two countries is a “pernicious law” that is “designed for one outcome — incarceration”. Last week, Autonomy founder Mike Lynch was arrested following a US extradition request. Lynch faces charges of securities fraud, wire fraud and conspiracy in [...]
Mike Lynch resigns from government advisory role following US criminal charges November 30, 2018 Tech billionaire Mike Lynch has stepped down from his role as an adviser to the UK government and as a fellow of the Royal Society after being hit with criminal charges by US authorities yesterday. Lynch was yesterday charged with fourteen counts of fraud and conspiracy which carry a maximum sentence of 20 years. The [...]
The City View: Offshore Energies UK CEO on deleterious effects of a windfall tax May 25, 2022 Today Andy Silvester chats to Deirdre Michie, CEO at Offshore Energies UK. They unpick the windfall tax, the risk it poses for smaller energy firms and the sector in general, the state of the energy industry, and the seemingly lackadaisical speed of the energy transition. In other news: M&S is leaving its Russian franchise business, [...]
Copper brings five new faces to crypto trading platform April 11, 2022 London-based crypto trading site Copper has made five appointments to assist with plans to enhance its prime infrastructure offering.
London’s legal tech status burnished by $5m US investment in startup Juro January 7, 2020 London’s status as a hub for legal tech was boosted today by the investment of $5m (£3.8m) in contracts startup Juro in a funding round led by a US firm that backed Twitter and Kickstarter. Juro is an end-to-end contract management platform with customers such as Deliveroo and Skyscanner. The company today announced it has [...]
Autonomy finance chief ‘too scared’ to face analyst calls, fraud trial hears June 27, 2019 Ex-Autonomy finance chief Sushovan Hussain was too scared to face analyst scrutiny following the software firm’s quarterly results a decade ago, a court heard as his former boss Mike Lynch was cross-examined over an alleged $5.1bn fraud. Lynch, the founder of Autonomy, and Hussain are being sued by Hewlett Packard (HP) in the UK’s biggest [...]