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2w ago

London High Court Orders Over £700 Million from Lynch Estate and Ex-CFO in Autonomy Fraud Case

The ruling breaks down £646 million in overpayment losses plus additional damages for deceit, with a November hearing set to resolve interest, currency conversion, appeal entitlements.

Mike Lynch with his daughter, Hannah, who both died when the luxury yacht Bayesian sank off Sicily last August
A U.K. court said Hewlett Packard Enterprise was due nearly $950 million over misrepresentations in its purchase of British software firm Autonomy. 
The hull of the superyacht Bayesian, which sank near Palermo, Sicily, on August 19, 2024, is taken to the shipyard in Termini Imerese, Sunday, June 22, 2025. (AP Photo/Salvatore Cavalli)
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Overview

  • Judge Robert Hildyard found that Hewlett-Packard overpaid for Autonomy due to misrepresented accounts, awarding £646 million in core losses.
  • The court added £51.7 million for personal deceit claims against Mike Lynch and Sushovan Hussain and $47.5 million for group company losses.
  • Lynch’s estate now shoulders the bulk of the award following his 2024 death in a yacht accident and his 2024 U.S. acquittal on related criminal charges.
  • Former Autonomy CFO Sushovan Hussain settled with HP earlier this year but remains liable for his share of the damages.
  • A November hearing will set details for interest calculations, currency conversion and parties’ rights to appeal.