Hewlett Packard will Pursue a $4 Billion Claim against Mike Lynch’s Estate
The damages, which are linked to a nine-year-old British lawsuit, represent the final legal battle that Mr. Lynch had to face in relation to the $11 billion purchase of his software company Autonomy by Hewlett-Packard back in 2011. In June, he was cleared of criminal charges in America over the deal. Autonomy’s value was also written down by $8.8billion. In 2015, the company filed a lawsuit in London against Mr. Lynch and Autonomy’s former chief finance officer, Sushovan Hassain, seeking damages of 5 billion pounds ($6.5billion). Both men denied the accusations, and the two sides fought for years in court in what Robert Hildyard called “among the longest and most complicated in English legal history.” Hewlett Packard Enterprise’s lawyers and Mr. Lynch’s lawyers argued about the amount of damages in court in February. Hewlett Packard Enterprise announced Monday that the judge’s decision on damages due to HPE would be issued in due time. “It is HPE’s intention to follow the proceedings through to their conclusion.”
Salamander Davoudi, a spokeswoman for the Lynch family, declined to comment.
Mr. The software executive had invited friends and associates to the boating trip to celebrate his acquittal. The software executive had invited friends and associates on the boating trip to celebrate his acquittal.
Fifteen passengers and crew survived, including Mr. Lynch’s wife, Angela Bacares.
Investigations into the yacht’s sinking are underway, with the captain, James Cutfield, facing a manslaughter inquiry over his actions.
