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Market Chatter: Hewlett Packard Awarded $944 Million from Mike Lynch Estate in Autonomy Fraud Case
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Market Chatter: Hewlett Packard Awarded $944 Million from Mike Lynch Estate in Autonomy Fraud Case
Jul 22, 2025 4:53 AM

07:20 AM EDT, 07/22/2025 (MT Newswires) -- Hewlett Packard Enterprise ( HPE ) is owed more than 700 million pounds ($944 million) from the estate of the late Mike Lynch and his former business partner, following a London High Court ruling related to its acquisition of British software firm Autonomy, Reuters reported Tuesday, citing the judge's decision.

The ruling covers the difference between what HPE paid for Autonomy and what it would have paid had it know the company's "true financial position," along with additional losses related to hardware sales and other transactions, according to the report.

Lynch, who died last year when his yacht sank off Sicily, and Autonomy's former CFO Sushovan Hussain were accused of inflating Autonomy's value before HPE's $11.1 billion purchase in 2011, Reuters said.

HPE had written down Autonomy's value by $8.8 billion within a year and initiated a $5 billion lawsuit in London, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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