Mike Lynch Died in Sicily Yacht Sinking, Now His Widow Could Be Liable for $4B Because of Hewlett Packard Claim

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Mike ****** ***** in Sicily Yacht Sinking, Now His Widow Could Be Liable for $4B Because of Hewlett Packard Claim

Hewlett Packard Enterprise said in a statement obtained by PEOPLE that that they intend to “follow the proceedings through to their conclusion”

Simon Dawson/Bloomberg via Getty

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Simon Dawson/Bloomberg via Getty

Mike ****** in 2014

Hewlett Packard Enterprises is not dropping ****** claims against British tech mogul

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, who ***** last month after a

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 — and will continue to pursue damages of up to $4 billion from his estate.

In 2022, Britain’s High Court ruled that the information technology company “had substantially succeeded in its civil ****** claims,” according to a statement from the company that was obtained by PEOPLE.

The claims were made against ****** and Sushovan Hussain, the former chief financial officer of Autonomy, a business software company ****** founded, which was sold to Hewlett Packard in 2011 for $11 billion.

A damages hearing was held in Feb. 2024  — months before ******

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related to the *****  — and HPE said in its statement that the “judge’s decision regarding damages” due to the company is expected to be issued “in due course.”

“It is HPE’s intention to follow the proceedings through to their conclusion,” the statement continued.

Angela Bacares, ******’s widow  — who

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 which also resulted in the ****** of the couple’s

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— could be liable for the damages, per the

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.

A spokesperson for ******’s family had no comment when contacted by PEOPLE on Tuesday, Sept. 3.

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PERINI NAVI PRESS OFFICE/HANDOUT/EPA-EFE/Shutterstock

The ‘Bayesian’ sailing boat

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In 2015, HPE sued ****** and Sushovan, who both denied wrongdoing, seeking $6.5 billion in damages, according to The New York Times.

Although it ******** to be seen how much HPE will be awarded in damages, Judge Robert Hildyard previously said he expected the amount will be

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than what the company sought, according to the Times and the AP.

The newspaper reported that ****** planned to appeal.

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to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories. 

A source close to the survivors previously told PEOPLE that the yacht had traveled from the Aeolian Islands to 

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, the end of a legal saga that began in 2018, when he was indicted on several counts of securities ****** and ***********.

“That’s why he took his closest friends and colleagues on the trip,” the source added.

Story continues

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ALBERTO PIZZOLI/AFP via Getty Images

A life boat searching for the passengers who were aboard the ‘Bayesian’

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****** and his daughter were among the seven victims who ***** after the luxury yacht Bayesian 

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 on Monday, Aug. 19.

Other victims were identified as New York City-based lawyer 

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, who helped ****** get acquitted, and his wife Neda, as well as Morgan Stanley International chairman 

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 and his wife.

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also *****.

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ITALIAN COAST GUARD HANDOUT/EPA-EFE/Shutterstock

Rescue personnel conducting dicing inspections of the ‘Bayesian’ yacht’s wreck

Ambrogio Cartosio, the chief prosecutor of Termini Imerese, announced on Aug. 24 that a

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had been launched into the sinking.

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#Mike #****** #***** #Sicily #Yacht #Sinking #Widow #Liable #Hewlett #Packard #Claim

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