HPE’s $1.2 Billion Pursuit Sparks Clash with Lynch’s Widow

Hewlett Packard Enterprise Co. asked a UK court to name administrators over the estate of British tech entrepreneur Mike Lynch, who died after his luxury yacht sank off the coast of Sicily in 2024, as the US firm seeks to recoup about $1.2 billion.

The late tycoon’s estate should be administered on the basis that it is “insolvent,” HPE’s lawyers said Wednesday. The estate owes the huge damages award after a London judge ruled that Lynch inflated the value of his Autonomy Corp. when he sold the software firm to Hewlett Packard in 2011 for $11 billion. Lynch’s net worth was between $400 and $450 million, HPE said, citing his prior submissions to a US court.