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Court Orders Lynch Estate to HPE
A London court has ruled that the entire estate of late tech millionaire Mike Lynch must be transferred to Hewlett Packard Enterprise (HPE). This decision comes nearly a year after Lynch perished in a yacht accident off Sicily's coast.
The Autonomy Acquisition Dispute
HPE acquired Lynch's software company Autonomy for $11.7 billion in 2011, but wrote down $8.8 billion just a year later. The tech giant accused Lynch of financial misrepresentation during the acquisition. In 2022, a British judge confirmed Autonomy's financial position had been improperly presented.
Damages Set at £700 Million
The High Court determined damages at £700 million (€807 million), rejecting HPE's claim for nearly five times that amount. Lynch's estate, valued around £500 million, will be entirely transferred to HPE.
Tragic Yacht Accident
Lynch died in August 2024 when his luxury yacht Bayesian sank during a Mediterranean voyage. The accident claimed seven lives, including Lynch's 18-year-old daughter Hannah. The vessel was salvaged last month near Palermo.
Legal Victory Before Tragedy
Prior to the fatal trip, Lynch had been acquitted in a US criminal fraud case related to the Autonomy sale. He was celebrating this victory when the yacht sank under circumstances still under investigation.
Heirs Consider Appeal
Lynch's family may appeal the decision, according to their lawyer. HPE stated continuing litigation after Lynch's death was "difficult" but necessary to protect shareholder interests.
