Current:Home > StocksSicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit -Secure Growth Academy
Sicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit
View
Date:2025-04-14 06:06:53
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! (91954)
Related
- Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
- Netflix announces Benedict as the lead for Season 4 of 'Bridgerton': 'Please scream'
- Google’s corporate parent still prospering amid shift injecting more AI technology in search
- Simone Biles won’t be required to do all four events in Olympic gymnastics team final
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Donald Trump and Bryson DeChambeau aim to break 50 on YouTube: Five takeaways
- BETA GLOBAL FINANCE: Pioneer and Influence in the CBDC Field
- Mudslides in Ethiopia have killed at least 229. It’s not clear how many people are still missing
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Terrell Davis' lawyer releases video of United plane handcuffing incident, announces plans to sue airline
Ranking
- The Best Stocking Stuffers Under $25
- 2024 hurricane season breaks an unusual record, thanks to hot water
- Keanu Reeves Shares Why He Thinks About Death All the Time
- Proposal to create a new political mapmaking system in Ohio qualifies for November ballot
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Montana Supreme Court allows signatures of inactive voters to count on ballot petitions
- State election directors fear the Postal Service can’t handle expected crush of mail-in ballots
- An Alaska veteran is finally getting his benefits — 78 years after the 103-year-old was discharged
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
Netanyahu is in Washington at a fraught time for Israel and the US. What to know about his visit
Haason Reddick continues to no-show Jets with training camp holdout, per reports
Haason Reddick continues to no-show Jets with training camp holdout, per reports
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
Survivors sue Illinois over decades of sexual abuse at Chicago youth detention center
Fire Once Helped Sequoias Reproduce. Now, it’s Killing the Groves.
Army Reserve punishes officers for dereliction of duty related to Maine shooting