Estate of Mike Lynch ordered to pay £920m to Hewlett-Packard
Ruling linked to takeover of Autonomy in 2011 comes two years after tech tycoon died in superyacht disasterThe estate of late British tech tycoon Mike Lynch has been ordered to pay £920m to the technology company Hewlett-Packard (HP) two years after he died in a superyacht disaster.The ruling by London’s high court said the estate was liable to pay the sum as compensation, costs and interest for HP’s acquisition of Lynch’s firm Autonomy, after a UK legal ruling in 2022 that he duped the US firm into paying £8.2bn for his software firm Autonomy. Continue reading...
Ruling linked to takeover of Autonomy in 2011 comes two years after tech tycoon died in superyacht disaster
The estate of late British tech tycoon Mike Lynch has been ordered to pay £920m to the technology company Hewlett-Packard (HP) two years after he died in a superyacht disaster.
The ruling by London’s high court said the estate was liable to pay the sum as compensation, costs and interest for HP’s acquisition of Lynch’s firm Autonomy, after a UK legal ruling in 2022 that he duped the US firm into paying £8.2bn for his software firm Autonomy. Continue reading...
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