HP to continue $4 billion damages case against Mike Lynch
HP to continue $4 billion damages case against Mike Lynch
Hewlett Packard said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch's estate in the UK.
The U.S. company had been seeking compensation over its acquisition of British tech firm Autonomy amid claims of fraud masterminded by its co-founder Mike Lynch to inflate the company's value.
Lynch, who died in August when his yacht sank off the coast of Sicily, had denied any wrongdoings.
"It is HPE's intention to follow the proceedings through to their conclusion," the company said in an emailed statement to Reuters.
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Lynch's business partner who was also involved in defrauding HP was killed in a hit and run while jogging 2 days before Lynch's yacht went down.
I'd be open to the idea that his partner was murdered by some scorned investors, but the boat capsizing during a sudden a storm, in large part because it's dipshit owner wanted to brag about having the world's largest mast...well that would be a stretch even for Jason Bourne.
However, I would absolutely believe that there was a hit man waiting for him to return to shore, who had to explain to his client that there's no refunds just because God killed him first.