Hewlett Packard to pursue $4bn claim against late tech mogul Mike Lynch
Al Jazeera
US tech company says it will continue case against Lynch’s estate following his death in a yacht wreck off Sicily.
Hewlett Packard Enterprise (HPE) has confirmed that it will pursue $4bn in damages against the estate of tech mogul Mike Lynch following his death in a yacht wreck off the coast of Sicily.
HPE had sued Lynch and his former chief financial officer Sushovan Hussain for allegedly inflating the value of Autonomy before its acquisition for $11bn in 2011.
The Texas-based tech firm won a civil claim against Lynch at the United Kingdom’s High Court in 2022, although the judge said that any damages would be significantly less than the $5bn it had claimed.
“It is HPE’s intention to follow the proceedings through to their conclusion,” the company said in a statement on Monday.
Lynch, the founder of the software company Autonomy, died when his superyacht, the Bayesian, sank in a storm off the Italian island on August 19.
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