Current:Home > ScamsSicily 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:2025-04-21 17:21:33
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! (24226)
Related
- Nearly half of US teens are online ‘constantly,’ Pew report finds
- People We Meet on Vacation Cast Revealed for Emily Henry Book's Movie Adaptation
- Martha Stewart Claims Ina Garten Was Unfriendly Amid Prison Sentence
- Indiana woman pleads guilty to hate crime after stabbing Asian American college student
- Former longtime South Carolina congressman John Spratt dies at 82
- Philadelphia mayor strikes a deal with the 76ers to build a new arena downtown
- Asteroid to orbit Earth as 'mini-moon' for nearly 2 months: When you can see it
- Off the Grid: Sally breaks down USA TODAY's daily crossword, It Started With the Wine
- Retirement planning: 3 crucial moves everyone should make before 2025
- Families of Americans detained in China share their pain and urge US to get them home
Ranking
- Tom Holland's New Venture Revealed
- Raven-Symoné Says Demi Lovato Was Not the Nicest on Sonny with a Chance—But Doesn't Hold It Against Her
- Off the Grid: Sally breaks down USA TODAY's daily crossword, It Started With the Wine
- Pro Football Hall of Fame class of 2025 nominees include Eli Manning, Marshawn Lynch
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- Maternal deaths surged in Texas in 2020, 2021
- 'Sacred': Cherokee name in, Confederate general out for Tennessee's highest mountain
- Emily in Paris' Lucas Bravo Reveals He Wasn't Originally Cast as Gabriel
Recommendation
Tom Holland's New Venture Revealed
Man admits falsifying violent threats after fantasy football argument
Milwaukee’s new election chief knows her office is under scrutiny, but she’s ready
Jordan Love injury update: Is Packers QB playing Week 3 vs. Titans?
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Bruins' Jeremy Swayman among unsigned players as NHL training camps open
2 corrections officers stabbed, 3 others injured in assault at Massachusetts prison
Cher to headline Victoria's Secret Fashion Show's all-women set