Current:Home > Contact-usSicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit-Angel Dreamer Wealth Society D1 Reviews & Insights
Sicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit
View Date:2025-01-11 03:11:27
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! (241)
Related
- South Carolina lab recaptures 5 more escaped monkeys but 13 are still loose
- Michael Parkinson, British talk show host knighted by Queen Elizabeth II, dies at 88
- Khloe Kardashian and True Thompson Will Truly Melt Your Heart in New Twinning Photo
- As glaciers melt, a new study seeks protection of ecosystems that emerge in their place
- Eva Longoria calls US 'dystopian' under Trump, has moved with husband and son
- Hillsong Church founder Brian Houston found not guilty of concealing his father’s child sex crimes
- Woman dragged by truck after Facebook Marketplace trade went wrong
- Girl With No Job’s Claudia Oshry Reveals She’s “Obviously” Using Ozempic
- Flurry of contract deals come as railroads, unions see Trump’s election looming over talks
- Oklahoma Supreme Court will consider Tulsa Race Massacre reparations case
Ranking
- Georgia remains part of College Football Playoff bracket projection despite loss
- 2023-24 NBA schedule: Defending champion Nuggets meet Lakers in season tipoff Oct. 24
- The James Webb telescope shows a question mark in deep space. What is the mysterious phenomenon?
- Colts star Jonathan Taylor 'excused' from training camp due to 'personal matter'
- Watch out, Temu: Amazon Haul, Amazon's new discount store, is coming for the holidays
- Blinken had long, frank phone call with Paul Whelan, brother says
- Mortgage rates just hit their highest since 2002
- Search continues for Camela Leierth-Segura, LA songwriter on Katie Perry hit, missing since June
Recommendation
-
Investigators believe Wisconsin kayaker faked his own death before fleeing to eastern Europe
-
Our dreams were shattered: Afghan women reflect on 2 years of Taliban rule
-
How to prepare for hurricane season, according to weather experts
-
Microsoft exec Jared Bridegan's ex, Shanna Gardner, is now charged in plot to murder him
-
Republican Gabe Evans ousts Democratic US Rep. Yadira Caraveo in Colorado
-
Musician Camela Leierth-Segura, Who Co-Wrote Katy Perry Song, Missing for Nearly 2 Months: Authorities
-
Study finds ‘rare but real risk’ of tsunami threat to parts of Alaska’s largest city
-
Sam Asghari Files for Divorce From Britney Spears