HP seeks $1.8bn from estate of the late Mike Lynch

"Hewlett Packard Enterprise is seeking nearly $1.8bn (€1.55bn) from the estate of the late Mike Lynch over HP's acquisition of his British tech firm Autonomy, the US technology giant's lawyers told London's High Court."

"Hewlett Packard is seeking to recoup its losses from Mr Lynch, who died last year when his luxury yacht sank off Sicily, over its 2011 acquisition of Autonomy for $11.1bn."

Hewlett Packard Enterprise is seeking nearly $1.8bn (€1.55bn) from the estate of Mike Lynch in connection with the 2011 acquisition of Autonomy. The claim was presented to London's High Court by Hewlett Packard's lawyers. Autonomy was a British technology firm purchased for $11.1bn, and Hewlett Packard seeks to recoup losses tied to that transaction. Mike Lynch died last year when his luxury yacht sank off Sicily. The legal action targets Lynch's estate as the source for recovery of the alleged financial shortfall resulting from the Autonomy deal. The dispute follows long-running contention over the acquisition's valuation and accounting.

Read at Irish Independent