Mike Lynch estate and business partner owe HP Enterprise £700m
219d ago
Business
BBC Business
The estate of Mike Lynch, the late tech entrepreneur, and his business partner have been ordered to pay Hewlett Packard Enterprise (HPE) £700 million. The ruling concludes a long-running legal battle stemming from HPE's acquisition of Lynch's company, Autonomy, in 2011. HPE alleged that Autonomy's financial performance was misrepresented prior to the purchase. Lynch died in a boating accident last year. The judgment represents a significant victory for HPE, although the full recovery of the £700 million remains uncertain given the complexities of estate settlement and asset recovery.