CORRECTED-Mike Lynch's estate refused permission to appeal in UK HP-Autonomy case
LONDON, March 24 (Reuters) - The estate of late British tech tycoon Mike Lynch was on Tuesday refused permission to appeal a ruling by London's High Court that he was liable to Hewlett Packard Enterprise HPE.N over its acquisition of his firm Autonomy.
The U.S. technology giant Hewlett Packard is seeking damages from the estate of Lynch, who died in 2024 when his luxury yacht sank off Sicily, over its 2011 acquisition of Autonomy for $11.1 billion.
HP accused Lynch and Autonomy's former chief financial officer, Sushovan Hussain, of inflating the firm's value before the takeover. HP wrote down Autonomy's worth by $8.8 billion within a year of the purchase.
In 2022, the High Court found Lynch and Hussain liable to HP over the deal. Lawyers for Lynch's estate sought permission to appeal, which was refused though they can apply directly to the Court of Appeal.
