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flag UK court orders Mike Lynch’s estate to pay $1.24 billion to HP.

flag Late tech entrepreneur Mike Lynch’s estate has been ordered to pay $1.24 billion to Hewlett Packard Enterprise following a UK court ruling in a fraud case regarding the 2011 acquisition of his company Autonomy. flag While the 2022 judgment found Lynch and his former CFO liable for misleading HP about Autonomy’s finances, the total damages, including interest, now exceed $1 billion. flag Lynch died in a yacht accident in August 2024, but his estate may still seek an appeal to the Court of Appeal.

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