Current:Home > InvestSicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit -Stellar Wealth Sphere
Sicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit
View
Date:2025-04-16 16:22:16
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! (1)
Related
- Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
- Funerals held in Georgia for 2 U.S. soldiers killed in Jordan drone attack
- Emma Stone and Ryan Gosling Reunite at the 2024 BAFTA Film Awards
- 75th George Polk Awards honor coverage of Middle East and Ukraine wars, Supreme Court and Elon Musk
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Abortion rights opponents and supporters seize on report that Trump privately pushes 16-week ban
- Child wounded at Kansas City Chiefs parade shooting says incident has left him traumatized
- 200-ft radio tower stolen in Alabama: Station's GM speaks out as police investigate
- Taylor Swift Eras Archive site launches on singer's 35th birthday. What is it?
- Mega Millions winning numbers for Friday night's $457 million jackpot
Ranking
- Trump's 'stop
- Hundreds of officers tried to protect the Super Bowl parade. Here's why it wasn't enough.
- NBA All-Star weekend: Mac McClung defends dunk title, Steph vs. Sabrina captivates
- Larry Bird makes rare public speaking appearances during NBA All-Star Weekend
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Baylor Bears retire Brittney Griner's No. 42 jersey in emotional ceremony for ex-star
- Virginia house explosion kills 1 firefighter, injures over a dozen other people
- Is Rooney Mara expecting her second child with Joaquin Phoenix?
Recommendation
Trump invites nearly all federal workers to quit now, get paid through September
Lenny Kravitz Details His Inspirational Journey While Accepting Music Icon Award at 2024 PCAs
How slain Las Vegas journalist Jeff German may have helped capture his own killer
4 men killed in shooting at neighborhood car wash in Birmingham, Alabama
Don't let hackers fool you with a 'scam
The cost of U.S. citizenship is about to rise
A Florida woman is missing in Spain after bizarre occurrences. Her loved ones want answers
In Arizona, an aging population but who will provide care? Immigrants will play a big role