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What will be the impact on HPE's stock price due to the $4 billion claim against Mike Lynch's estate by the end of 2024?
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Story
HPE Pursues $4 Billion Claim Against Mike Lynch's Estate, Involving Widow
Sep 2, 2024, 11:47 AM
Hewlett Packard Enterprise (HPE) has confirmed its intention to pursue a legal claim for $4 billion against the estate of the late British tech tycoon Mike Lynch. This decision comes despite Lynch's recent death, as the company seeks compensation related to the acquisition of his business, Autonomy. The case has been ongoing, with HPE weighing the potential risk of upsetting shareholders against reputational damage. Lynch's widow may now be liable for the claim, which has drawn criticism from some quarters, including an ex-minister who condemned the firm for targeting a bereaved family.
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