HP's $1.8 Billion Legal Battle over Autonomy
Hewlett Packard Enterprise (HP) is demanding nearly $1.8 billion from the estate of the late tech entrepreneur Mike Lynch in connection with the 2011 acquisition of his company, Autonomy, a process now underway at London's High Court.[1][3][5]
Background of the Dispute
- HP acquired Autonomy in 2011 for $11.1 billion, later alleging that Lynch and Autonomy's former CFO Sushovan Hussain fraudulently inflated the firm's value.
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- Soon after the acquisition, HP wrote down Autonomy's worth by $8.8 billion, citing financial misrepresentation.
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- Lynch steadfastly denied wrongdoing, attributing the loss instead to HP's management decisions.
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Current Legal Developments
- The estate of Mike Lynch is contesting a previous 2022 High Court ruling that found Lynch liable for the alleged fraud.
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- The estate also objects to HP's demand for $761 million in interest, calling it excessive.
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- HP's original lawsuit sought $5 billion; however, the court now considers a lower figure based on revised damages and case details.
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Key Quotes
“By any account, including the court’s, HP’s own mismanagement destroyed the vast majority of Autonomy’s value.” — Lynch family spokesman[1]
"Lynch had not only perpetrated an enormous fraud, but lied about it at every stage." — Patrick Goodall KC, HP’s counsel[1]
Context and Tragedy
- Mike Lynch died in a yacht accident off Sicily in August last year, leaving the final liability unresolved.
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- His daughter was also a victim in the incident.
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- Sushovan Hussain, Autonomy's former CFO, was convicted of fraud in the US in 2018 but has since been released and settled separately with HP for £77 million.
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Appeal and Outstanding Issues
- Lynch's estate is appealing the liability ruling, challenging the legal standing of HP and how damages should be calculated.
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- The debate persists over both the currency used and the actual value lost by HP.
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Author’s Summary
HP’s legal pursuit against Mike Lynch’s estate continues to raise questions about corporate accountability, with both sides disputing financial losses and responsibility after one of the UK’s most high-profile tech acquisitions.[5][3][1]
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Devdiscourse — 2025-11-19