Darktrace: Dips and Dives February 24, 2022 For a cyber security firm Darktrace’s reputation has been anything but secure. As Jack Stockdale, CTO and founding partner, told City A.M.: “One minute you can be the tech darling, the next minute you’re not. Then, suddenly, you are again!”
Long fraud trial looms for tech tycoon Mike Lynch as Priti Patel approves extradition to US January 29, 2022 The extradition of British technology tycoon Mike Lynch to the United States to answer criminal fraud charges has been approved by Home Secretary Priti Patel. “On January 28, following consideration by the courts, the extradition of Dr Michael Lynch to the US was ordered,” a Home Office spokesperson said last night. “Under the Extradition Act [...]
HP wins civil case against UK tech tycoon Mike Lynch as extradition order looms January 28, 2022 Hewlett-Packard has won the majority of its civil case against British tech tycoon Mike Lynch over its acquisition of Autonomy in 2011, a London judge said this morning, though damages will be considerably less than the £3.7bn claimed. The American technology giant sued Lynch, Autonomy’s founder, and its former chief financial officer Sushovan Hussain, following [...]
What a day for Mike Lynch: Priti Patel to make extradition decision and £3.7bn High Court fraud ruling at 11.30am January 28, 2022 All eyes will be on the High Court today at 11.30, as a judge is due to announce his decision on a multibillion-dollar fraud case brought by Hewlett Packard over its acquisition of British software company Autonomy a decade ago. The American technology giant sued British entrepreneur Mike Lynch, Autonomy’s founder, and its former chief [...]
UK tech tycoon Mike Lynch fails bid to delay US extradition ruling January 26, 2022 British technology tycoon Mike Lynch, who is facing extradition to the US after being accused of fraud, has failed to delay a decision by the Home Office this morning. US authorities accused Lynch of being involved in a multibillion-dollar fraud over the sale of his software company, Autonomy, to Hewlett-Packard in 2011 for £8.5bn, which [...]
Judge says No: Mike Lynch loses High Court battle to delay extradition to US January 26, 2022 British technology tycoon Mike Lynch, who is facing extradition to the US after being accused of fraud, has lost the latest stage of a legal battle. Lynch wants Home Secretary Priti Patel to be given more time to make an extradition decision. He mounted a High Court challenge after a judge who oversaw an extradition [...]
Darling Darktrace is back: Shares climb 20 per cent following revenue boom January 11, 2022 Darktrace surged 20.8 per cent after it raised its full-year outlook for revenue and earnings margin following strong customer growth and retention in the first half of the year.
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".
US prosecutor demands emails from Darktrace following Mike Lynch fraud case November 21, 2021 US authorities are attempting to force Darktrace to hand over emails and documents following the ongoing fraud case against technology entrepreneur Mike Lynch.
Government faces backlash over HS2 overhaul November 17, 2021 The government is facing criticism from small businesses and rail unions over plans to overhaul the designs for HS2. Transport Secretary Grant Schapps will tomorrow announce changes to the planned HS2 rail routes between major cities in the North and Midlands as part of the government’s £96bn “Integrated Rail Plan.” The rumoured redesign has drawn [...]