On 6/12/2024 1:36 PM, Arne Vajhøj wrote:

On 6/12/2024 1:24 PM, Robert A. Brooks wrote:

On 6/12/2024 8:34 AM, Simon Clubley wrote:

[This happened several days ago, so I am surprised to see nobody has
mentioned it yet.]

The criminal trial of Mike Lynch of Autonomy, which saw him extradited
from the UK against his will, has ended in disaster for HP, as he has
been found not guilty of all charges.

https://www.theregister.com/2024/06/06/mike_lynch_cleared/

I wonder if this is going to have any implications for today's HP.

If anything, I'd expect it would affect HPE, not HP, Inc.

However, given that HP(E) took a massive writeoff for the Autonomy fiasco
awhile ago, I suspect it'll have a tiny impact, if at all.

I don't think there will be any impact.

According to the article there has been 3 separate trials.

Civil fraud case in the UK. HPE won and they are currently
fighting over the compensation amount. HPE wants 4 B$.

Criminal case against Autonomy CFO in the US. He was
convicted and served 5 years.

Criminal case against Autonomy CEO in the US. He has now
been acquitted. His defense seems to have focused on that
he was involved in product development and product sales
but not in financial reports.

HPE is probably only interested in the civil case and
the compensation amount.

And now Mike Lynch is dead and HPE need to decide
whether to go after the estate (and grieving widow)
for the 4 B$.

https://fortune.com/europe/2024/08/27/hp-dilemma-mike-lynch-family-4-billion-claim/

Arne

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On 2024-08-29, Arne Vajh°j <arne@vajhoej.dk> wrote:

And now Mike Lynch is dead and HPE need to decide
whether to go after the estate (and grieving widow)
for the 4 B$.

https://fortune.com/europe/2024/08/27/hp-dilemma-mike-lynch-family-4-billion-claim/

Arne

IMHO, that would be an incredibly stupid thing for HPE to do and
will likely result in a massive backlash, especially here in the UK.

When he was acquitted in the US, a common view here in the UK was
that he had been wrongly sent to the US by our previous government
and that an innocent man had prevailed against the US government.

In addition to this, there is now also a lot of additional sympathy
for him and the other people lost on the yacht especially since stories
have emerged that there should have been enough time to save them if
the yacht had been secured properly and the crew had done certain things.

Of course, we don't know the truth of those stories until Italy has
completed its investigation, but that is most certainly a currently
common feeling in the UK, especially since Italy now has multiple
crew members under investigation.

Simon.

--
Simon Clubley, clubley@remove_me.eisner.decus.org-Earth.UFP
Walking destinations on a map are further away than they appear.

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On 8/29/2024 2:08 PM, Simon Clubley wrote:

On 2024-08-29, Arne Vajhøj <arne@vajhoej.dk> wrote:

And now Mike Lynch is dead and HPE need to decide
whether to go after the estate (and grieving widow)
for the 4 B$.

https://fortune.com/europe/2024/08/27/hp-dilemma-mike-lynch-family-4-billion-claim/

IMHO, that would be an incredibly stupid thing for HPE to do and
will likely result in a massive backlash, especially here in the UK.

When he was acquitted in the US, a common view here in the UK was
that he had been wrongly sent to the US by our previous government
and that an innocent man had prevailed against the US government.

In addition to this, there is now also a lot of additional sympathy
for him and the other people lost on the yacht especially since stories
have emerged that there should have been enough time to save them if
the yacht had been secured properly and the crew had done certain things.

Of course, we don't know the truth of those stories until Italy has
completed its investigation, but that is most certainly a currently
common feeling in the UK, especially since Italy now has multiple
crew members under investigation.

It will sure be bad PR.

But 4 B$ is a lot of money.

On the other side if various reports are correct then
he was only 1 B$ worth when he died.

So the real number is:

1 B$ - gigantic legal cost - monetary value of serious bad PR in UK

They could decide to close the case and move on.

Arne

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Simon Clubley <clubley@remove_me.eisner.decus.org-Earth.UFP> wrote:

IMHO, that would be an incredibly stupid thing for HPE to do and
will likely result in a massive backlash, especially here in the UK.

This is true, but HPE has a long history of doing incredibly stupid
things that have caused massive backlashes.
--scott


--
"C'est un Nagra. C'est suisse, et tres, tres precis."

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