HP Won’t Drop $4B Claim Against Late Tech Mogul

September 3, 2024 Britain, Business

Hewlett Packard Enterprise said Monday it won’t drop its U.K. claim for damages against the estate of British tech mogul Mike Lynch, who was killed when his superyacht sank last month.

Britain’s High Court in 2022 ruled mostly in favor of the U.S. technology company, which accused Lynch and his former finance director of fraud over its $11 billion takeover of his software company Autonomy. Hewlett Packard is seeking up to $4 billion in damages and the judge is expected to issue a decision on the final sum soon.

Lynch died when his yacht, the Bayesian, sank in a storm off Sicily on Aug. 19. His widow, Angela Bacares, could now be liable for the damages.

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Hewlett Packard won’t drop its UK claim against tech mogul Mike Lynch, who died when his yacht sank https://t.co/96ev15lFW4

— The Associated Press (@AP) September 2, 2024