HP confirms it will continue to sue the Mike Lynch family for $4 billion

An HPE spokesman said on Monday that the technology group would continue the up to $4 billion process, which is now in its 13th year.

Angela Bacares, Lynch’s wife who survived the yacht tragedy, is now expected to inherit her late husband’s battle with HPE, Fortune reported.

“In 2022, an English High Court judge ruled that HPE had substantially succeeded in its civil fraud claims against Dr Lynch and Mr Hussain,” the spokesperson said in a statement to The Associated Press on Monday.

“A damages hearing took place in February 2024 and the judge’s decision on the damages owed to HPE will be forthcoming in due course,” they added. “HPE’s intention is to follow the proceedings through to their conclusion.”

Monday’s statement comes after the group initially sent a statement to several media outlets, declining to comment on legal matters in light of the tragedy.

“We do not believe it is appropriate to comment on legal matters under these tragic circumstances,” the spokesperson told Fortune. We are saddened by this tragic event and our thoughts are with the families and friends of all the victims.”

The yacht tragedy came just weeks before Lynch and his former finance vice president, Stephen Chamberlain, were acquitted of all charges by a San Francisco jury in June.

The indictment accused Lynch and Chamberlain of falsifying financial documents, lying to auditors and regulators, and suppressing people who criticized Autonomy’s financial practices.

An HP representative did not immediately respond to a request for comment from Business Insider sent outside regular business hours.