Mike Lynch's estate ordered to pay HP £920m in fraud case [Yahoo! Finance]
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Source: Yahoo! Finance
Mike Lynch's estate has been ordered to pay Hewlett Packard £920m, two years after the British tech tycoon's death on his superyacht A High Court judge said HP was owed the sum as compensation for the fraudulent sale of Lynch's software company, Autonomy, 15 years ago. The figure would bankrupt Lynch's estate The entrepreneur, known as “Britain's Bill Gates”, died along with his teenage daughter Hannah and five other victims on his Bayesian superyacht off the coast of Sicily in 2024. He had spent the summer celebrating his freedom after beating criminal fraud charges in the United States related to the £7bn sale of Autonomy. Hannah Lynch and her father Mike died when his luxury yacht sank in a storm in 2024 - PA Media Prosecutors had alleged that Lynch and other Autonomy executives had inflated the company's value using fraudulent accounting methods before its 2011 sale to HP. However, HP had won a civil trial over the claims in England and continued the case after his de
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