Mike Lynch’s estate ordered to pay HP £700m in High Court ruling
Mike Lynch estate’s £700m payment to HP explained
- A London High Court judge ruled that Hewlett Packard (HP) will recoup over £700 million from the estate of the late Mike Lynch and his former business partner, Sushovan Hussain.
- The sum relates to HP's ill-fated 2011 acquisition of British software firm Autonomy, which HP claimed was based on an inflated valuation due to fraud.
- HP had accused Dr Lynch and Mr Hussain of orchestrating an elaborate fraud before the $11.1 billion purchase, a deal that subsequently unravelled.
- A judge had previously ruled in HP's favour in 2022, with this week's decision determining the specific damages owed.
- Dr Lynch, who died in 2024, consistently maintained his innocence and was acquitted of related criminal charges in the US.