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UK court awards £700m to HP in Mike Lynch case
Bangkok Post
|July 24, 2025
A UK court Tuesday awarded £700 million ($946 million) compensation to IT firm Hewlett Packard in a fraud case involving late British tech tycoon Mike Lynch, killed last year when his superyacht sank off Sicily.
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A UK court ruled in 2022 in favour of the US technology giant, now known as Hewlett Packard Enterprise (HPE), in a civil case linked to the sale of Lynch's company, Autonomy.
Lynch, once dubbed the “British Bill Gates”, founded software firm Autonomy in the 1990s. Its $11 billion sale to Hewlett Packard in 2011 also saw him face fraud charges in the United States.
HP accused Autonomy of artificially inflating its revenues and growth before the sale and had demanded $5 billion in compensation.
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