Hewlett Packard to pursue Mike Lynch's estate in £3bn damages claim
- American tech giant Hewlett Packard is pursuing legal action for up to £3bn in damages from the estate of late British billionaire Mike Lynch.
- In 2022, a UK High Court ruled that Hewlett Packard substantially succeeded in fraud claims against Mike Lynch and Sushovan Hussain regarding the acquisition of Autonomy.
- A damages hearing occurred in February 2024, with a ruling on the final sum due from the judge in the near future.
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Hewlett Packard won’t drop its $4 billion UK claim against Mike Lynch, who died along with his daughter when his yacht sank
London — Hewlett Packard Enterprise has said it won’t drop its UK claim for damages against the estate of British tech mogul Mike Lynch, who died when his superyacht sank last month.
Hewlett Packard to continue lawsuit against tech mogul Mike Lynch's estate despite his recent death
HP, as it still was back then, paid $11.7 billion to acquire Lynch's Autonomy software company back in 2011. A year later, HP announced it was writing down the deal's value by $8.8 billion, alleging that Autonomy had misrepresented its own value. HP said it intended to file criminal and...Read Entire Article
Hewlett Packard Enterprise to pursue $3.94B judgment against late British tech mogul Mike Lynch
U.S.-based Hewlett Packard Enterprise said this week that it would continue to pursue a $3.94 billion judgment against the estate of British tech mogul Mike Lynch who died in a shipwreck on his yacht last month.
Hewlett Packard confirms it will continue to sue Mike Lynch's family for $4 billion after he died in a tragic yacht sinking
Mike Lynch, the late former chief executive of Autonomy Corp. Dan Kitwood/Getty ImagesHP will continue suing Mike Lynch's grieving family for up to $4 billion after his tragic death.Lynch, along with his daughter and top attorney, died when his superyacht sank in August.HP and Lynch have been involved in a lawsuit for 13 years over the sale of Lynch's company, Autonomy.Hewlett Packard said that it won't drop its lawsuit with late tech tycoon Mik…
Hewlett Packard Continues $4B Claim Against Estate Of UK's Bill Gates, Mike Lynch, Following Tech Magnate's Death In Yacht Tragedy - Hewlett Packard (NYSE:HPE)
Hewlett Packard (NYSE:HPE) has announced its intention to continue pursuing a claim for damages against the estate of the late British tech magnate Mike Lynch, who tragically died last month. What Happened: Hewlett Packard Enterprise announced on Monday that it will continue its U.K. claim for damages against the estate of British tech magnate Lynch, who perished when his yacht sank last month, reported the Associated Press. “It is HPE’s intenti…
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