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Software Tycoon Mike Lynch Should Face U.S. Trial, U.K. Judge Rules

  • Autonomy founder accused of fraud in U.S. over its sale
  • Lynch released on bail after delayed extradition hearing
Mike Lynch arrives for an extradition hearing at Westminster Magistrates Court in London, on Feb. 12.

Mike Lynch arrives for an extradition hearing at Westminster Magistrates Court in London, on Feb. 12.

Photographer: Hollie Adams/Bloomberg

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British tech tycoon Mike Lynch should be extradited to the U.S. to face fraud charges stemming from the $11 billion sale of his software firm Autonomy to Hewlett-Packard, a London judge ruled.

The U.S. Department of Justice has pursued Lynch over allegations that he dressed Autonomy up for a sale to HP by inflating revenue. The Silicon Valley hardware giant acquired the software company in 2011 only to write down the value by $8.8 billion a year later. The ruling will now be sent to the U.K.’s Home Secretary Priti Patel for her decision on the matter.