Current:Home > NewsSicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit -ProsperityStream Academy
Sicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit
View
Date:2025-04-12 17:19:23
Mike Lynch's widow could inherit his billion-dollar lawsuit.
Less than a month after the businessman died aboard the luxury yacht that sank off the coast off Sicily, Hewlett Packard Enterprises (HPE)—who filed a $6.5 billion claim against the former Autonomy CEO and Autonomy's former chief financial officer Sushovan Hussain in the U.K. in 2015—revealed it will continue to pursue damages of up to $4 billion from Lynch's estate, according to a statement from HPE that was obtained by E! News Sept. 4.
The decision to move forward with the legal case comes after Britain’s High Court ruled in 2022 that Hewlett Packard “had substantially succeeded in its civil fraud claims,” per the company's statement.
And Hewlett Packard—which accuse Lynch and Hussain in their lawsuit of fraudulently over-valuing Autonomy when selling it to the company for $11 billion in 2011—was confident that the judge's "decision regarding damages" will be issued "in due course."
However, the court's final decision has yet to be made, and Judge Robert Hildyard previously said he expected the amount Hewlett Packard will win in damages to be "substantially" less than what the company sought, per AP. (Lynch was also notably acquitted in a separate U.S. trial related to Autonomy's sale months before he boarded the Sicily yacht.)
Still, if Hewlett Packard wins the case, Lynch's wife Angela Bacares—who was rescued after the sinking that killed her husband and their 18-year-old daughter Hannah Lynch—could be the one stuck paying for the damages if she is the beneficiary of his estate.
E! News reached out to a rep for the Lynch family for comment but has not heard back.
Bacares, Lynch and their daughter were three of the 22 total people—12 guests and 10 crew members—aboard the 184-foot Bayesian yacht when it sank Aug. 19 off the coast of Sicily, Italy—an incident that maritime experts have described as anomalous.
The tragedy, which occurred due to harsh weather conditions, left five others dead in addition to Lynch and Hannah: cook Recaldo Thomas, spouses Christopher Morvillo and Neda Morvillo, as well as Morgan Stanley International Chairman Jonathan Bloomer and his wife Judy Bloomer.
Following the boat's sinking, the ship's captain, James Cutfield, became the subject of an investigation for manslaughter, his lawyer confirmed to NBC News. He has yet to be charged with any crime, and the investigation does not suggest that any charges will follow.
As for Bacares, her surviving daughter Esme Lynch has since spoken out about the immeasurable loss they feel over the deaths of Mike and Hannah.
"She is my little angel, my star," Esme said of her younger sister in an Aug. 25 statement to Sky News. "She had even more love to give endlessly to all her friends and passion to give to her incredible studies and goals."
(E! News and NBC News are both part of the NBCUniversal family.)
For the latest breaking news updates, click here to download the E! News AppveryGood! (5664)
Related
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Grim yet hopeful addition to National WWII Museum addresses the conflict’s world-shaping legacy
- Vaping by high school students dropped this year, says US report
- Why Olivia Rodrigo and Actor Louis Partridge Are Sparking Romance Rumors
- Stamford Road collision sends motorcyclist flying; driver arrested
- Vaping by high school students dropped this year, says US report
- Listen to the last new Beatles’ song with John, Paul, George, Ringo and AI tech: ‘Now and Then’
- Authorities investigate a house fire that killed three family members in northern Maine
- Meta releases AI model to enhance Metaverse experience
- Why dozens of birds are being renamed in the U.S. and Canada
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- US applications for jobless benefits inch higher but remain at historically healthy levels
- Khloe Kardashian’s Son Tatum Is Fast and Furious in Dwayne Johnson Transformation
- The FBI is investigating a Texas sheriff’s office, a woman interviewed by agents says
- The White House is cracking down on overdraft fees
- Judge sets rules for research on potential jurors ahead of Trump’s 2020 election interference trial
- Gerry Turner explains his wild lion tattoo before 'Golden Bachelor' heads to hometowns
- TikTokers Julie and Camilla Lorentzen Welcome Baby Nearly One Year After Miscarriage
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Six things to know about the political debate around daylight saving time
Why Catherine Lowe Worries It's Going to Be Years Before We See The Golden Bachelorette
Toyota recalls nearly 1.9 million RAV4 SUVs in the U.S. over fire risk
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Italy’s premier acknowledges ‘fatigue’ over Ukraine war in call with Russian pranksters
Arrest made in fatal shooting of Salem State University student
Arrest made in fatal shooting of Salem State University student