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HP to Pursue $4B Damages After Mike Lynch Yacht Death

2 pointsby cwwc9 months ago

3 comments

ggm9 months ago
I think it probably looks sensible to lawyers, boards and shareholders but as the article says: <i>The decision to move forward puts HPE on a reputational tightrope. While a UK civil claim automatically ensures that the case passes to the estate of a defendant in the event of a death, the prospect of pursuing the money is likely to be deeply unpopular after the tragedy.</i><p>It&#x27;s a lot of money to forgo on the basis &quot;the great unwashed who don&#x27;t own shares directly won&#x27;t like it&quot; -Their superannuation and investment funds very probably would want this money recovered, if there was a good chance of winning the case.
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WheelsAtLarge9 months ago
Does anyone have any idea why he was not convicted? With the little bit I read, it seemed like a pretty good fraud case, especially since the CFO was convicted.<p>This time it would have been much better if he had been convicted.
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cwwc9 months ago
<a href="https:&#x2F;&#x2F;archive.ph&#x2F;mDBn5" rel="nofollow">https:&#x2F;&#x2F;archive.ph&#x2F;mDBn5</a>