Current:Home > reviewsSicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit -WealthRise Academy
Sicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit
View
Date:2025-04-17 01:23:14
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! (48)
Related
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Lilly King's fabulous five minutes: Swimmer gets engaged after qualifying for Olympic event
- 1996 cold case killings of 2 campers at Shenandoah National Park solved, FBI says, pointing to serial rapist
- J.J. Redick equipped for Lakers job, high shine of L.A. But that doesn't guarantee success
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Red Robin releases Olympic-inspired burger that weighs 18 ounces
- Mbappé watches from subs’ bench as France and Netherlands produce Euro 2024’s first 0-0
- Prince William jumps for joy in birthday photo shot by Princess Kate
- DoorDash steps up driver ID checks after traffic safety complaints
- Who is Alex Sarr? What to know about top NBA draft prospect from France
Ranking
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- 190 pounds of meth worth $3.4 million sniffed out by K9 officer during LA traffic stop
- Tax cuts, teacher raises and a few social issues in South Carolina budget compromise
- Man accused of killing 7 at suburban Chicago July 4 parade might change not-guilty plea
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- How one county is reimagining libraries, from teaching kitchens to woodworking shops
- Kevin Costner Confirms His Yellowstone Future After Shocking Exit
- North Carolina governor vetoes masks bill largely due to provision about campaign finance
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Dollar Tree left lead-tainted applesauce on shelves for weeks after recall, FDA says
$1.3 million settlement awarded in suit over South Carolina crash that killed bride, injured groom
World's oldest deep sea shipwreck discovered off Israel's coast
Grammy nominee Teddy Swims on love, growth and embracing change
Pursuit of Milwaukee carjacking suspects ends with police shooting 2 teens in stolen vehicle
Travis Kelce, Jason Kelce and Kylie Kelce Are a Winning Team in France During Cannes Outing
Nick Lachey Reveals His “Pipe Dream” in Sex Life With Vanessa Lachey