UK High Court Finds HP Overpaid for Autonomy—Orders Late Mike Lynch Estate to Pay £700 Million in Damages.

toner · 2025-07-22T10:12:38-04:00

UK Court Orders Late Mike Lynch’s Estate to Pay HP £700 Million in Autonomy Fraud Case. A UK High Court has ruled today that the estate of late tech entrepreneur Mike Lynch must pay Hewlett-Packard (HP) over £700 million in damages, concluding a decade-long legal battle over HP’s ill-fated $11 billion acquisition of UK software firm Autonomy in 2011. The court found that Lynch and his former business partner, Sushovan Hussain, had fraudulently inflated Autonomy’s financial performance before the sale. The judgment orders Lynch’s estate to pay £646 million in damages, along with additional interest, pushing the total liability to more than £700 million. Hussain, already convicted in the U.S., was also found liable. Lynch, once hailed as Britain’s answer to Steve Jobs, died in April 2025 while awaiting sentencing in the U.S. following his own criminal conviction related to the same deal. HP had sued him in London, claiming it was misled into overpaying for Autonomy. The ruling marks one of the UK’s largest civil fraud judgments and brings closure to a landmark corporate scandal that shook the tech world and UK business reputation.

Tonernews.com, July 22, 2025. USA

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UK Court Orders Late Mike Lynch’s Estate to Pay HP £700 Million in Autonomy Fraud Case.
A UK High Court has ruled today that the estate of late tech entrepreneur Mike Lynch must pay Hewlett-Packard (HP) over £700 million in damages, concluding a decade-long legal battle over HP’s ill-fated $11 billion acquisition of UK software firm Autonomy in 2011.

The court found that Lynch and his former business partner, Sushovan Hussain, had fraudulently inflated Autonomy’s financial performance before the sale. The judgment orders Lynch’s estate to pay £646 million in damages, along with additional interest, pushing the total liability to more than £700 million. Hussain, already convicted in the U.S., was also found liable.

Lynch, once hailed as Britain’s answer to Steve Jobs, died in April 2025 while awaiting sentencing in the U.S. following his own criminal conviction related to the same deal. HP had sued him in London, claiming it was misled into overpaying for Autonomy.

The ruling marks one of the UK’s largest civil fraud judgments and brings closure to a landmark corporate scandal that shook the tech world and UK business reputation.
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July 22, 2025 at 10:12 AM

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