this post was submitted on 02 Sep 2024
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Hewlett Packard said on Monday it would continue legal proceedings to seek up to $4 billion in damages from British billionaire Mike Lynch's estate in the UK.

The U.S. company had been seeking compensation over its acquisition of British tech firm Autonomy amid claims of fraud masterminded by its co-founder Mike Lynch to inflate the company's value.

Lynch, who died in August when his yacht sank off the coast of Sicily, had denied any wrongdoings.

"It is HPE's intention to follow the proceedings through to their conclusion," the company said in an emailed statement to Reuters.

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[–] Marafon@sh.itjust.works 21 points 2 months ago

Lol Fuck HP and fuck the rich slimey bastard(s).

[–] deegeese@sopuli.xyz 20 points 2 months ago

Shitty company attempting to claw back cash from the estate of a scammer.

Only the sharks get fed.

[–] Hegar@fedia.io 16 points 2 months ago (1 children)

Lynch's business partner who was also involved in defrauding HP was killed in a hit and run while jogging 2 days before Lynch's yacht went down.

[–] rainbowtaint@lemm.ee 12 points 2 months ago* (last edited 2 months ago)

I'd be open to the idea that his partner was murdered by some scorned investors, but the boat capsizing during a sudden a storm, in large part because it's dipshit owner wanted to brag about having the world's largest mast...well that would be a stretch even for Jason Bourne.

However, I would absolutely believe that there was a hit man waiting for him to return to shore, who had to explain to his client that there's no refunds just because God killed him first.

[–] PenisDuckCuck9001@lemmynsfw.com 3 points 2 months ago* (last edited 2 months ago)

Wtf did Lynch do that HP sunk a whole ass boat over it? Was he making printer hacks? Unauthorized print heads? Idk who Mike Lynch is but you know the saying: an enemy of my enemy is a friend.

[–] gmtom@lemmy.world 1 points 2 months ago