Thu Jul 24 07:50:00 UTC 2025: ## HP Wins £700M in Fraud Case Against Late Tech Tycoon’s Estate

**London, UK** – Hewlett Packard Enterprise (HPE) is set to receive over £700 million ($943 million) from the estate of the late British tech entrepreneur Mike Lynch and his former finance director, Sushovan Hussain, following a UK High Court ruling in a long-running fraud case. Judge Robert Hildyard determined that Lynch and Hussain were liable after HPE accused them of fraudulently inflating the value of Lynch’s software company, Autonomy Corp, before its $11 billion acquisition by HP.

The ruling comes nearly a year after Lynch tragically died when his superyacht, the Bayesian, sank off the coast of Sicily. He had been celebrating his acquittal in a separate US criminal trial related to the same Autonomy deal.

HPE had sought up to $4 billion in damages, but the court found that the company suffered a loss of £646 million due to the inflated purchase price. The ruling also awarded HPE £51.7 million for “personal claims” against Lynch and Hussain, and $47.5 million for additional losses. Hussain was previously convicted in the US on wire fraud and other charges related to the Autonomy sale and is currently serving a five-year prison sentence.

“We are pleased that this decision brings us a step closer to the resolution of this dispute,” HPE said in a statement, adding that they looked forward to a further hearing to determine the final amount owed, including interest and currency conversion.

Lynch, in a statement prepared before his death and released posthumously, claimed the ruling demonstrated that HP’s original claim was an “overstatement” and “off the mark by 80%.” He argued the damage to Autonomy was due to HP’s own errors and actions.

A hearing to discuss interest, currency conversion, and potential appeals is scheduled for November. The legal battle, which has stretched for over a decade, has been closely watched by the tech industry. The ruling represents a significant victory for HPE in its pursuit of compensation for what it alleges was a fraudulent acquisition.

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