HP pursues $4B in damages from family of deceased tech billionaire Mike Lynch
Only two weeks after Mike Lynch and his daughter Hannah died in a superyacht accident off the coast of Sicily, Hewlett Packard Enterprises has vowed to press ahead with a high court lawsuit against the family of the late British tech entrepreneur. The Silicon Valley giant said in a statement it would follow the legal proceedings “through to their conclusion.” The firm is seeking damages of up to $4bn. HP’s case pertains to its $11bn acquisition of Lynch’s startup, Autonomy, back in 2011. Following the deal, HP accused Autonomy’s leadership of fraudulently inflating the company’s value, leading to a 12-year…This story continues at The Next Web
Only two weeks after Mike Lynch and his daughter Hannah died in a superyacht accident off the coast of Sicily, Hewlett Packard Enterprises has vowed to press ahead with a high court lawsuit against the family of the late British tech entrepreneur. The Silicon Valley giant said in a statement it would follow the legal proceedings “through to their conclusion.” The firm is seeking damages of up to $4bn. HP’s case pertains to its $11bn acquisition of Lynch’s startup, Autonomy, back in 2011. Following the deal, HP accused Autonomy’s leadership of fraudulently inflating the company’s value, leading to a 12-year…
This story continues at The Next Web