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 [...]
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 [...]
London markets climb as Staley steps aside after FCA Epstein probe November 1, 2021 London markets climbed during the opening session of November as Barclays chief Jes Staley stepped down after UK regulators showed the bank preliminary findings of its investigation into his ties with disgraced financier Jeffrey Epstein. The capital’s FTSE 100 premier index advanced 0.60 per cent to hit 7,280.97 points, while the mid-cap FTSE 250 climbed [...]
Mike Lynch extradition decision over $5bn fraud trial delayed October 10, 2021 The decision to extradite British entrepreneur Mike Lynch has been pushed to the end of the year after a judge delayed his decision in the separate $5bn (£3.7bn) case against Lynch by Hewlett-Packard. A draft decision, spanning over 1,000 pages, had been expected to be distributed to both Hewlett-Packard and Lynch by 24 September, according [...]
Patel to delay Mike Lynch extradition as she pauses US fraud charges September 29, 2021 The Home Office has delayed the extradition of British businessman Mike Lynch, which means he will temporarily avoid a string of fraud charges in the US. Lynch, who founded software firm Autonomy, is reportedly allowed a two month reprieve on his charges of 17 counts of fraud from US prosecutors relating to Automony’s billion-pound sale. [...]
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 [...]
Mike Lynch extradition decision will be watched by tech entrepreneurs the world over September 28, 2021 The coming days will define whether British entrepreneurs are subject to British law, or the whims of American prosecutors. The consequences could be felt for years and have a direct impact on the likelihood of homegrown tech giants being created here in the UK. Last week the Home Office decided to delay the extradition to [...]
Not going anywhere: Home Office delays decision on extradition of Mike Lynch to US September 22, 2021 The Government has delayed its decision on extraditing technology entrepreneur Mike Lynch, who is facing fraud charges in the US., the Home Office confirmed to City A.M. this afternoon. A decision on the billionaire was expected this week but a Home Office spokesperson said it has been granted a seven-day extension. Some back benchers have [...]
Train passengers braced for pingdemic chaos amid restaurant closure threat July 24, 2021 British rail passengers are braced for a summer of travel chaos after a string of operators prepare for mass cancellations due to the so-called pingdemic. At least seven train networks have been granted government approval to impose emergency timetables as a result of a severe shortage of drivers and crew. The measures could reportedly last [...]