• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home People Billionaire Watch

Hewlett Packard to seek $4 billion damages claim against family of late Mike Lynch 

Deborah Dan-Awoh by Deborah Dan-Awoh
September 3, 2024
in Billionaire Watch, People
UK tech entrepreneur, Mike Lynch missing after yacht sinks at Sicily 
Share on FacebookShare on TwitterShare on Linkedin

Hewlett Packard Enterprise Co. (HPE) has announced its intention to pursue a $4 billion damages claim in London against the estate of the late British tech tycoon Mike Lynch.

This comes shortly after the tragic deaths of Lynch and his 18-year-old daughter, Hannah, whose bodies were recovered from the wreckage of their sunken yacht off the coast of Sicily. 

 The U.S. company has asserted that it plans to continue with its efforts to collect damages awarded by a London court following its successful lawsuit against Lynch.  

RelatedStories

UK tech entrepreneur, Mike Lynch missing after yacht sinks at Sicily 

Tech Entrepreneur Mike Lynch, 5 others feared dead in Bayesian Yacht Sicily sinking 

August 21, 2024
UK tech entrepreneur, Mike Lynch missing after yacht sinks at Sicily 

UK tech entrepreneur, Mike Lynch missing after yacht sinks at Sicily 

August 19, 2024

This case stemmed from the collapse of Autonomy Corp., a British software company founded by Lynch and acquired by HPE in 2011. The acquisition quickly turned sour, with HPE accusing Lynch of artificially inflating Autonomy’s value, leading to one of the most drawn-out and costly trials in British legal history according to reports. 

Backstory 

 In 2022, Judge Robert Hildyard ruled in favor of HPE, finding that Lynch had engaged in fraudulent activities to boost Autonomy’s market value prior to the sale. However, the judge also noted that the actual damages awarded to HPE would likely be significantly lower than the $4 billion sought.  

HPE’s decision to move forward with its claim has placed the company in a precarious position, especially in light of the recent personal tragedy that has befallen Lynch’s family. Pursuing financial redress from Lynch’s estate, particularly in the wake of his and his daughter’s deaths, could be seen as lacking sensitivity and risking substantial reputational damage.  

According to Robin Henry, a partner at law firm Collyer Bristow who is not directly involved in the case, HPE faces potential backlash for proceeding with its claim against Lynch’s grieving widow. Henry suggests that the company is attempting to navigate this delicate situation by emphasizing its fiduciary duty to protect the interests of its shareholders. 

What to know 

The legal action against Lynch’s estate highlights the often complex and challenging decisions that companies must make when enforcing judgments, especially in cases involving significant sums of money and personal tragedies. Despite the sensitive nature of the situation, HPE has maintained its position that it is compelled to see the legal process through to its conclusion, as stated in a company statement released on Monday.  

Lynch’s death occurred under tragic circumstances while he was celebrating his acquittal from U.S. criminal charges. He was on board his luxury yacht with a small group of advisers when severe weather led to the vessel’s sinking. His wife, Angela Bacares, survived the incident, while Lynch’s other daughter was not on the yacht at the time. 

The case continues to draw significant public attention, not only due to the substantial financial stakes involved but also because of the dramatic and tragic turn of events surrounding Lynch’s death. With HPE pushing forward with its legal claim, the matter is set to remain in the spotlight, reflecting both the complexities of international business litigation and the often harsh realities of legal obligations in the face of personal loss.


Follow us for Breaking News and Market Intelligence.
Tags: Hewlett PackardMike Lynch
Deborah Dan-Awoh

Deborah Dan-Awoh

Deborah Dan-Awoh is a seasoned lifestyle analyst with a knack for storytelling. The focus of her work covers people, money and culture as it relates with business and economy. When she's not keeping tabs on the latest trends in lifestyle and finance- Deborah enjoys networking with industry experts to gain insight into major markets as it affects the populace

Related Posts

UK tech entrepreneur, Mike Lynch missing after yacht sinks at Sicily 
Billionaire Watch

Tech Entrepreneur Mike Lynch, 5 others feared dead in Bayesian Yacht Sicily sinking 

August 21, 2024
UK tech entrepreneur, Mike Lynch missing after yacht sinks at Sicily 
People

UK tech entrepreneur, Mike Lynch missing after yacht sinks at Sicily 

August 19, 2024
Up to 9000 could lose their jobs as new HP CEO plans to restructure 
Business News

HP Restructure: 9000 jobs at risk globally  

October 4, 2019
Next Post
Nigeria receives European School scholarship for 20 Nigerian students 

Nigeria receives European School scholarship for 20 Nigerian students 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

otd
access bank
nairametrics
Emple
Palmpay
first bank








DUNS

Recent News

  • Ogun Govt releases 130 hectares for Ijebu-Ode Inland Dry Port project 
  • Nigeria’s data center market to grow from $278 million in 2024 to $671 million by 2030 – NCSP
  • African airlines record 9.4% growth in air cargo demand in July 2025 – IATA

Follow us on social media:

Recent News

Fuel Subsidy: Ogun State Government to provide electric-powered motorbikes for residents 

Ogun Govt releases 130 hectares for Ijebu-Ode Inland Dry Port project 

August 29, 2025
Nigeria’s data center market to grow from $278 million in 2024 to $671 million by 2030 – NCSP

Nigeria’s data center market to grow from $278 million in 2024 to $671 million by 2030 – NCSP

August 29, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics