Before entrepreneur and investor Mike Lynch died together with six others after the yacht they had been on capsized in a storm final week, the get together was celebrating Lynch’s victory within the U.S. felony courts. In June, he was acquitted of all counts of fraud related to HP’s 2011 acquisition of his firm, Autonomy. But it was not the ultimate chapter in that dispute. HP (now often known as HPE) was nonetheless attempting to recuperate $4 billion from him because of a civil case Lynch misplaced within the U.Okay.
Now HPE faces the query: Does it forge forward, even with Lynch deceased?
An article in Fortune notes HPE may very well be dealing with a PR catastrophe if it does; additional, the property is unlikely to have the ability to do something till it resolves some other litigation or appeals. Still, $4 billion is not any small sum, main a authorized knowledgeable to colorfully describe HPE’s predicament to the outlet as “on the horns of a dilemma.”
