Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Mike Lynch’s estate and business partner owe HP £700m, court rules

Mike Lynch walks into federal court in San Francisco in March last year
Mike Lynch arrives at court in San Francisco in March last year where he faced fraud charges relating to HP’s takeover of Autonomy. Photograph: Michael Liedtke/AP

The estate of Mike Lynch, who died a year ago when his superyacht sank off the coast of Sicily, and his business partner owe Hewlett-Packard more than £700m, a court has ruled.

The US technology company has been seeking damages of up to $4.55bn (£3.37bn) from the estate of the late tycoon, once hailed as the UK’s answer to Microsoft founder Bill Gates, over its disastrous takeover of his British software company Autonomy.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.