A UK High Court judge has ruled that the estate of the late British tech entrepreneur, Mike Lynch, who died in a yacht sinking incident, owes Hewlett Packard Enterprises (HPE) more than $940 million. The ruling comes after Lynch and his former finance director lost a fraud case related to Lynch’s software company.

The judgment, delivered on Tuesday, states that Hewlett Packard is entitled to over £700 million ($943 million) from Lynch’s estate. The legal dispute centered on allegations of fraudulent activities involving Lynch’s software business, leading to the substantial financial liability now determined by the court.

In response to the court ruling, a spokesperson for HPE expressed satisfaction with the decision, affirming the company’s commitment to upholding integrity in business dealings. The significant monetary award underscores the legal repercussions faced by Lynch’s estate following the fraud case’s unfavorable outcome.

The ruling serves as a notable development in the ongoing legal saga surrounding Lynch’s business affairs, shedding light on the complexities and financial implications entwined with the legal proceedings. As the legal process unfolds, further details may emerge regarding the intricacies of the case and its broader implications within the tech industry and legal sphere.

Legal experts anticipate potential appeals or further legal actions in light of the substantial financial judgment against Lynch’s estate. The court ruling marks a definitive step in the resolution of the fraud case, highlighting the legal consequences faced by individuals and entities implicated in fraudulent activities, as determined by the judicial system.