Hewlett Packard (HP) is ready to recur more than £ 700 million ($ 944 million) from the wealth of late Mike Lynch, and his former business partner, Sushovan Hussain, London’s High Court judge ruled on Tuesday.
This amount is related to sick acquisition of HP’s British software firm autonomy.
American technology giant Dr. Demanded to recover loss from Lynch, Last year, when his luxury boat left Sicily, and Mr. Hussain.
HP had accused the pair of orchestrating a detailed fraud to increase the value of autonomy before the purchase of its $ 11.1 billion in 2011, a deal that later exposed.
Within a year of acquisition, HP wrote $ 8.8 billion to the value of autonomy and Dr. in London. Started a $ 5 billion case against Lynch and Mr. Hussain. A judge ruled in favor of HP in 2022.
Dr. Lynch once appreciated Britain as a response to Bill Gates, continuously maintained his innocence, instead convicted HP for failure to integrate autonomy in his operation.
He was acquitted from criminal allegations related to the deal in the US and intended to appeal for the 2022 decision of the High Court, a process that was pending the decision at the loss of this week.
Judge Robert Hildyard decided a loss of more than £ 646 million ($ 871.8 million) in relation to the difference between HP and HP paid to HP for autonomy.
Hilyard also stated that HP was entitled to another £ 51.7 million against HP “Dr. Lynch and Mr. Hussain for deception and/or individual claims for misinformation, as well as another $ 47.5 million regarding loss by group companies.
HP said in a hearing last year that it was Wanting Up to $ 4 billion. Hussain settled with HP earlier this year.
