HP to continue $4B damages case against Mike Lynch, who died when his yacht sank off Italian coast

Core Points - Hewlett Packard is pursuing legal action to claim up to $4 billion in damages from the estate of Mike Lynch in the UK [1] - The lawsuit stems from HP's acquisition of Autonomy, which was valued at$11.1 billion in 2011, amid allegations of fraud by Lynch to inflate the company's worth [2] - HP had previously won a civil case against Lynch in 2022, but the High Court indicated that any awarded damages would be less than the $5 billion initially sought by HP [2] Company Actions - The company continues legal proceedings against both Mike Lynch and Autonomy's former CFO, Sushovan Hussain [3] - HP's claims are based on findings of a significant accounting scandal at Autonomy discovered in late 2012 [2] Background Information - Mike Lynch, co-founder of Autonomy, passed away in August 2023 when his yacht sank off the coast of Sicily, and he had denied any wrongdoing related to the allegations [1]