Current:Home > ContactSicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit -Zenith Profit Hub
Sicily Yacht Sinking: Why Mike Lynch’s Widow May Be Liable for $4 Billion Lawsuit
View
Date:2025-04-18 19:36:01
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! (3)
Related
- The Super Bowl could end in a 'three
- Heat records continue to fall in Dallas as scorching summer continues in the United States
- Tearful Miley Cyrus Gives a Nod to Disney in Music Video for New Song “Used to Be Young”
- One Direction's Liam Payne Hospitalized for Bad Kidney Infection
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Maui County releases names of 388 people unaccounted for since the devastating wildfires
- Police ID killer in 1987 cold case on hiking trail that has haunted Yavapai County
- Why Blake Lively and Ryan Reynolds Are Our Favorite Ongoing Love Story
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Shooting in Boston neighborhood wounds at least 7 people
Ranking
- The Grammy nominee you need to hear: Esperanza Spalding
- A father describes rushing his 7-month-old to safety during a California biker bar shooting
- USWNT drops to historic low in FIFA rankings after World Cup flop, Sweden takes No. 1 spot
- Publicist says popular game show host Bob Barker has died
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Longtime 'Price Is Right' host Bob Barker dies at 99
- Meet Jasmin Moghbeli, a Marine helicopter pilot and mom of twins who is leading a crew to the space station
- TLC's Whitney Way Thore Reveals the Hardest Part of Grieving Mom Babs' Death
Recommendation
McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
Iran, Saudi Arabia and Egypt among 6 nations to join China and Russia in BRICS economic bloc
Texas trial over Biden policy letting migrants from 4 countries into US to wrap up Friday
Iran, Saudi Arabia and Egypt among 6 nations to join China and Russia in BRICS economic bloc
Sonya Massey's father decries possible release of former deputy charged with her death
Coronavirus FAQs: How worrisome is the new variant? How long do boosters last?
Russian court extends U.S. reporter Evan Gershkovich's detention by 3 months, state news agency says
Bradley Cooper, Brad Pitt and More Celebs Who Got Candid About Their Addictions and Sobriety Journeys