Current:Home > reviewsSicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit -WealthMap Solutions
Sicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit
View
Date:2025-04-12 09:30:37
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! (15716)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Former longtime South Carolina congressman John Spratt dies at 82
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Why members of two of EPA's influential science advisory committees were let go
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Ranking
- Current, future North Carolina governor’s challenge of power
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- The Grammy nominee you need to hear: Esperanza Spalding
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- South Korean president's party divided over defiant martial law speech
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Recommendation
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
Federal hiring is about to get the Trump treatment
Nevada attorney general revives 2020 fake electors case
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing