Hewlett Packard to Continue $4 Billion Lawsuit Against Mike Lynch’s Family After Tragic Yacht Sinking

Hewlett Packard (HP) has confirmed that it will persist in suing the family of the late Mike Lynch for up to $4 billion following his untimely demise. Lynch, the former chief executive of Autonomy Corp., tragically lost his life in a yacht sinking incident.

Legal Battle Between HP and Mike Lynch

The legal dispute between HP and Lynch has spanned over 13 years, revolving around the sale of Lynch's company, Autonomy. Despite Lynch's passing, HP has announced its decision to continue pursuing the lawsuit against his grieving family.

Tragic Yacht Sinking

Lynch, along with his daughter and top attorney, met a fatal end when his superyacht sank off the coast of Sicily in August. The yacht, named "Bayesian," claimed the lives of several individuals in the tragic incident.

Continuation of Lawsuit

HP's determination to proceed with the legal proceedings comes in the wake of Lynch's demise. The tech giant accuses him of inaccurately valuing Autonomy, a claim that has been at the center of the prolonged legal battle.

Future Legal Proceedings

Following a ruling by an English High Court judge in 2022, HPE has made clear its intention to pursue damages from Lynch and his associate. The outcome of the damages hearing is awaited, with HPE expressing its commitment to see the case through.

Response to Tragedy

In light of the tragic events, HP initially refrained from commenting on legal matters but later extended condolences to the families affected. The yacht sinking occurred shortly before Lynch's exoneration in a separate case alongside his former colleague.

The developments surrounding the lawsuit and its implications on Lynch's family continue to unfold amidst the aftermath of the yacht tragedy.

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By: abharade@insider.com (Aditi Bharade)
Title: Hewlett Packard to Continue $4 Billion Lawsuit Against Mike Lynch’s Family After Tragic Yacht Sinking
Sourced From: www.businessinsider.com/hp-confirmed-will-continue-sue-mike-lynch-family-2024-9
Published Date: Tue, 03 Sep 2024 04:25:18 +0000