Hewlett Packard has confirmed it plans to continue with its claim for up to £3bn in damages against the estate of Mike Lynch
Hewlett Packard has confirmed it plans to continue with its claim for up to £3billion in damages against the estate of Mike Lynch after his death in last month’s superyacht disaster.
The US tech giant won a High Court civil claim against the tech tycoon in 2022, accusing him and his former finance director.
Sushovan Hussain of fraud over its £8billion takeover of his software company Autonomy in 2011.
Lynch, who was cleared in a separate criminal fraud trial over the Autonomy case in June, and his daughter Hannah, 18, were among seven people who died after the Bayesian superyacht sank off Sicily.
His widow, Angela Bacares, could be liable for the damages claim.
A Hewlett Packard Enterprises spokesman said: ‘In 2022, a High Court judge ruled that HPE had substantially succeeded in its civil fraud claims against Dr Lynch and Mr Hussain.
‘A damages hearing was held in February 2024 and the judge’s decision regarding damages will arrive in due course.
‘It is HPE’s intention to follow the proceedings through to their conclusion.’
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