Hewlett Packard Enterprise has confirmed it will continue its £3 billion legal claim against the late British tech mogul Mike Lynch, following the tragic Bayesian yacht disaster
Just over two weeks after billionaire Mike Lynch tragically lost his life in the Bayesian superyacht disaster, US tech giant Hewlett Packard Enterprise has confirmed it will press on with its £3 billion legal claim against the tycoon. The body of the British tech magnate was recovered a little over two weeks ago, following the catastrophe that claimed seven lives.
Despite the celebrations, the beleaguered mogul was still facing a civil case in the High Court over fraud allegations linked to the £8.3 billion sale of his company, Autonomy, in 2011. HPE has stated it plans to continue its civil claim against the late tycoon's estate and "follow the proceedings through to their conclusion."This could potentially leave Lynch's widow Angela Bacares, who survived the yacht tragedy, liable for the £3 billion in damages.
In an unexpected turn this June, Lynch was cleared by a jury in California and managed to avoid a potential 20-year prison term, finding him not guilty on all counts. Despite avoiding time in an American penitentiary, Lynch still faces an expensive UK High Court civil trial. "A damages hearing was held in February 2024 and the judge's decision regarding damages due to HPE will arrive in due course. It is HPE's intention to follow the proceedings through to their conclusion."
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