HPE Lost £730 Million After Buying Lynch’s Firm, Judge Says (1)

Hewlett Packard Enterprise Co. lost around £730 million ($985 million) after it bought Mike Lynch’s firm Autonomy Corp., a London judge ruled less than a year after the British tech tycoon drowned when his yacht sank in a storm off the coast of Sicily.

Mike Lynch’s estate will face a claim for much of that sum after he lost a London fraud case along with ex-Autonomy chief financial officer Sushovan Hussain. The ruling suggests that HPE will likely only receive a fraction of its $4 billion claim stemming from the huge writedown it took on the ...