Estate of late tycoon Mike Lynch to pay damages of £920m [Yahoo! Finance]
HP Inc. (HPQ)
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Source: Yahoo! Finance
The estate of the late tech tycoon Mike Lynch must pay Hewlett-Packard an estimated $1.24bn (£930m) in damages for the acquisition of his Cambridge-based company, a High Court judge has ruled. In a ruling on Tuesday, Mr Justice Hildyard said Hewlett-Packard (HP) was owed damages and interest for the £8.2bn purchase of his software firm Autonomy in 2011. Lynch, 59, and his daughter were among seven people who died when the Bayesian , a 56m (184ft) sailing boat, capsized off Sicily in storms in August 2024. A spokesperson for the Lynch family said they were "disappointed by the court's refusal and believe an application to the Court of Appeal should follow in the interests of justice". HP sued Mr Lynch for about $5bn (£3.79bn) following its purchase of Autonomy for $11.1bn (£8.2bn) in 2011. The company claimed at a nine-month trial in 2019 - then believed to be the UK's biggest civil fraud trial - that Mr Lynch inflated Autonomy's revenues and "committed a deliberate fraud ov
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HPQ
Earnings
- 2/24/26 - Beat
HPQ
Sec Filings
- 3/27/26 - Form 4
- 3/27/26 - Form SCHEDULE
- 3/13/26 - Form 4
- HPQ's page on the SEC website