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The seas were calm when the Bayesian, the $40 million superyacht of the British tech mogul Michael Lynch, dropped anchor off Sicily. The Bayesian was a one-of-a-kind sailboat, built by Perini Navi, a famous Italian yacht maker. How the Bayesian could have sunk The Bayesian was pushed onto its side in strong winds. How the Bayesian could have sunk The Bayesian was pushed onto its side in strong winds. Rescue workers bringing the body of the final Bayesian victim to shore, in Porticello, Italy, on Aug. 23.

Persons: —, Michael Lynch, Karsten Borner, Lynch’s, Borner, “, Mr, Hannah Lynch, Mike Lynch, Judy Bloomer, Jonathan Bloomer, Christopher Morvillo, Neda, Recaldo Thomas, Patrick McMullan, Lynch, Hannah, Giovanni Costantino, ”, Costantino, Tad Roberts, Abbie VanSickle, Jonathan Baum, VanSickle, Angela Bacares, Chris Morvillo, Neda Nassiri, Judy, James Cutfield, Sir David Davis, Sir David, Sir Robert Baden Powell, Fabio La Bianca, Matthew Griffiths, Borner’s, Sir Robert, Nobody, ’ ’ Capt, Guglielmo Mangiapane, Bacares, Domenico Cipolla, Cipolla, Charlotte Golunski, James Emslie, Golunski, Emslie, Perini, Ron Holland, Roberts, Stephen Edwards, John Groenewoud, Edwards, Philipp Luke, Guillermo Gefaell, Juan Manuel López, Gefaell, Igor Petyx, Cutfield, Cutfield hasn’t, Turgay, Ciner, Adam Hauck, there’s, It’s, Hauck, can’t Organizations: The Times, New York Times, Agence France, Reuters, Getty, Times, —, Italian Sea Group, American Bureau of Shipping, British Maritime and Coastguard Agency, Hewlett, Packard, New Zealand, Baia Santa Nicolicchia, Italian Coast Guard, Gale Force, Maritime and Coastguard Agency, Britain’s Department for Transport, Perini, “ Technology, Naval, Italian, Group, Spanish, Association of Naval, Ocean Engineers of Spain, British Marine Accident Investigation, Rescue Locations: British, Sicily, East Germany, Italian, Dutch, Canadian, Washington, London, Oxford, New, Naples, Porticello, Baia Santa, Palermo, Sicily’s, Palermo’s, Ireland, Tuzla, Turkey, Italy, Turkish, Istanbul, Capri, American

☆ Tech tycoon Mike Lynch died from drowning after his superyacht sank, inquest hears
▼ + stars: | 2024-10-04 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

British tech tycoon Mike Lynch died from drowning, an inquest heard. Lynch and six others died after the superyacht Bayesian sank off the coast of Sicily in August. Lynch founded software company Autonomy in 1996 and sold it to HP for more than $11 billion in 2011. AdvertisementTech tycoon Mike Lynch died from drowning after the Bayesian superyacht sank off the coast of Porticello, Sicily, an inquest heard on Friday, multiple outlets reported. Lynch, his 18-year-old daughter Hannah, and five others died after the vessel was caught in a heavy storm in August.

Persons: Mike Lynch, Lynch, —, Hannah, Mike Brown, Jonathan Bloomer, Morgan Stanley, Judy, Brown, Jonathan, Judy Bloomer —, Chris Morvillo, Neda —, Recaldo Thomas, Matthew Griffiths, James Cutfield, Tim Parker Eaton Organizations: Autonomy, HP, Service, Tech, Morgan, Morgan Stanley International, Reuters, BBC Locations: Sicily, Porticello, Autonomy

☆ Mike Lynch's sunken superyacht may contain safes with highly classified intelligence inside: reports
▼ + stars: | 2024-09-23 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +1 min

Italian authorities have requested heightened security around Mike Lynch's sunken superyacht. Watertight safes on board the Bayesian may hold sensitive intelligence data, sources told CNN. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementItalian authorities have requested heightened security around Mike Lynch's sunken superyacht, over fears that safes on board contain highly sensitive intelligence data, according to reports.

Persons: Mike Lynch's, Lynch, — Organizations: CNN, Service, Business Locations: Sicily, British

☆ Sunken superyacht believed to contain watertight safes
▼ + stars: | 2024-09-21 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +6 min

Lynch was associated with British, American and other intelligence services through his various companies, including the cyber security company he founded, Darktrace. The chef, whose body was found outside the vessel, died by drowning, the coroner said. Local prosecutor Ambrogio Cartosio said no personal effects, including computers, jewelry or Lynch’s hard drives had been recovered from the vessel. The vessel did not have a traditional black box or voyage data recorder to record navigation data or audio on the bridge. The costs of raising the ship will fall to its owner, Lynch’s widow, as is mandated by Italian maritime law.

Persons: Rome, Mike Lynch, Lynch, Thoma, David Cameron, Theresa May, ” Francesco Venuto, Hannah, Chris Morvillo, Neda, Jonathan Bloomer, Judy, Recaldo Thomas, Bloomer, Lynch’s, Angela Bacares, James Cutfield, Lynch “, Morvillo, Hewlett Packard, Raffaele Cammarano, Stephen Chamberlain —, Darktrace —, Cutfield, Chamberlain, Ambrogio Cartosio Organizations: Rome CNN —, CNN, Italian Prosecutors, Thoma Bravo, Revtom, Fire Brigade, Civil Protection Agency, Hewlett, Autonomy, Local, Italian Locations: Sicily, British, Chicago, Russia, China, American, Italy

☆ Inside $178 billion Man Group's Oxford gathering: Academic hotshots, internal rising stars, and $25 trillion in institutional capital
▼ + stars: | 2024-09-17 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +7 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewEven when compared to the impressive and lengthy history of the University of Oxford, this week's gathering at Trinity College is noteworthy. Academics, nerds, and rising starsThe speakers over the two-plus days are roughly half Man employees and half external invitees. The firm balances the external speakers — from finance and other disciplines — with a line-up of Man executives and internal rising stars who are working on something that ties into the overall theme. Oxford offers plenty of advantages for the firm's leadership to get to know the decision makers at these firms.

Persons: —, Tom Holland, Steven Desmyter, Milken, Desmyter, there's, Holland, Morgan Stanley, Clare Woodman, John Curtice, Jamie Dimon, Goldman Sachs, Lloyd Blankfein, Mike Lynch, Sumant Wahi, Vinayak Kumar, It's Organizations: Service, University of Oxford, Trinity College, Business, Ashmolean Museum, BBC, Morgan Stanley EMEA, Oxford, Oxford Man Institute, Union House Locations: British, Davos, Hawaii, Sydney, Sicilian, it's, Rhodes House, Trinity, New York, London, Dubai

☆ British tech tycoon Mike Lynch likely died of suffocation after his 'Bayesian' superyacht sank off Sicily: report
▼ + stars: | 2024-09-08 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Tech tycoon Mike Lynch likely suffocated after his yacht sank off Sicily last month. Seven people died after the "Bayesian" yacht went down, including Lynch and his daughter Hannah. AdvertisementBritish tech tycoon Mike Lynch likely died of suffocation after his "Bayesian" superyacht sank off Sicily last month, autopsy results suggested, an investigative source told Reuters. Seven people died after the yacht went down during a storm off the coast of Porticello on August 19, including Lynch and his 18-year-old daughter Hannah. The unnamed source told Reuters that initial autopsy results on Hannah Lynch's body were inconclusive, but they ruled out traumas or wounds as a cause of death.

Persons: Mike Lynch, Lynch, Hannah, —, Hannah Lynch's Organizations: Service, Reuters, Business Locations: Sicily, British, Seven, Porticello

TERMINI IMERSE, Italy — Prosecutors said there "could be a question of manslaughter" as they opened an investigation into the deaths of seven people after a superyacht sank while anchored off the Sicilian coast Monday. Speaking at a press conference, prosecutor Ambrogio Cartosio said the investigation is not currently directed at any individuals, and is looking into “the crime of culpable shipwreck and multiple manslaughter." New Zealander James Cutfield has already been questioned for more than two hours, and prosecutors said he had been "extremely cooperative." Bad weather was forecast ahead of the sinking, and questions about the weather were also raised by journalists. The body of Recaldo Thomas, a Canadian Antiguan national who was the ship’s cook, was recovered shortly after the accident.

Persons: Italy —, Ambrogio Cartosio, Cartosio, Divers, ”, Prosecutors, New Zealander James Cutfield, Mike Lynch —, Bill Gates ” —, Hannah, Jonathan Bloomer, Morgan Stanley, Judy, Christopher Morvillo, Neda, Recaldo Thomas Organizations: Italy — Prosecutors, New Zealander, Sky News, Morgan, Morgan Stanley International, Prosecutors Locations: Italy, New York City, Canadian

☆ Italian prosecutor opens manslaughter inquiry in Lynch yacht sinking
▼ + stars: | 2024-08-24 | by ( ) www.cnbc.com time to read: 1 min

An Italian Coast Guard vessel and rib during search operations for the luxury yacht Bayesian which sank off the coast of Porticello, Sicily, on Thursday, Aug. 22, 2024. An Italian prosecutor has opened a manslaughter investigation into the deaths of British tech magnate Mike Lynch and six other people who were killed when a luxury yacht sank off Sicily this week. The public prosecutor's office of Termini Imerese, headed by Ambrogio Cartosio, announced the investigation, saying the probe was not aimed at any individual person. Lynch's 18-year-old daughter, Hannah, was also among those who died when the family's 56-metre-long (184-foot) boat, the Bayesian, capsized during a fierce, pre-dawn storm on Monday off Porticello, near Palermo. Fifteen people survived, including Lynch's wife, whose company owned the Bayesian, and the yacht's captain.

Persons: Mike Lynch, Ambrogio Cartosio, Hannah Organizations: Italian Coast Guard Locations: Porticello, Sicily, Italian, Palermo

☆ Investigators say 5 bodies were found in the same cabin of Mike Lynch's superyacht as prosecutors begin looking into 'crime hypothesis'
▼ + stars: | 2024-08-24 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

Investigators say five bodies were found in the same cabin of Mike Lynch's superyacht. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementInvestigators have said that the bodies of five people who died after British tech tycoon Mike Lynch's superyacht sank off the coast of Sicily were discovered in the same cabin.

Persons: Mike Lynch's superyacht, —, Bentivoglio Fiandra Organizations: Service, Business Locations: Porticello, Sicily

☆ Italian authorities open manslaughter investigation into superyacht sinking
▼ + stars: | 2024-08-24 | by ( Niamh Kennedy | ) edition.cnn.com time to read: +2 min

CNN —Authorities in Italy have opened a manslaughter investigation into the sinking of a superyacht, which killed British tech tycoon Mike Lynch and six others off the coast of Sicily earlier this week. Seven bodies have been recovered over the past four days, with divers working nearly 50 meters (160 feet) underwater to retrieve them. Italian authorities have confirmed who was missing from the Bayesian, but have not yet released a coroner’s report to formally name those found. While the reasons for the sinking of the Bayesian superyacht remain unconfirmed, many believe the yacht was struck by a waterspout — one of several types of tornadoes. The coast guard reported the yacht was struck by a tornado, and a waterspout was reported to the European Severe Weather Database around the same time.

Persons: Mike Lynch, Ambrogio Cartosio, ” Cartosio, “, ”, Hannah, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Chris Morvilloand, Neda Morvillo, Recaldo Thomas, Raffaele Cammarano Organizations: CNN, Authorities Locations: Italy, British, Sicily, American

Divers scouring the wreckage of the superyacht that sank off the Sicilian coast have found the body of the last person missing from the luxury boat, believed to be the daughter of a British tech magnate. The body of Mike Lynch's 18-year-old daughter Hannah was discovered early Friday, the Italian Coast Guard said, according to the Associated Press news agency — the culmination of a challenging five-day rescue operation. One other body, of the ship’s cook Recaldo Thomas, was recovered shortly after the accident. The local prosecutor's office has launched an investigation, though no cause or possible suspects had been publicly identified. Italian prosecutors investigating the case have scheduled a news conference on Saturday.

Persons: Mike Lynch's, Hannah, Lynch, Recaldo Thomas, Morgan Stanley, Jonathan Bloomer, Judy Organizations: Italian Coast Guard, Associated Press, Palermo, Morgan, Morgan Stanley International, AFP, Getty Locations: British, United States, Sicily’s

☆ Body of final person missing from sunken superyacht found off Sicily
▼ + stars: | 2024-08-23 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Divers of the Vigili del Fuoco, the Italian Corps. of Firefighters leave Porticello harbor near Palermo, to resume research for a last missing person on August 23, 2024, four days after the British-flagged luxury yacht Bayesian sank. Divers on Friday found the body of the final person missing after a luxury yacht sank off the coast of northern Sicily, the Italian fire service said. Eighteen-year-old Hannah Lynch, daughter of British tech entrepreneur Mike Lynch, is the last person still unaccounted for, out of six people that went missing after the superyacht Bayesian sank suddenly during a violent storm in the early hours of Monday morning. Recaldo Thomas, a Canadian-Antiguan national who was working as a chef onboard, was confirmed dead earlier this week.

Persons: Hannah Lynch, Mike Lynch, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Clifford Chance, Chris Morvillo, Neda Morvillo, Recaldo Thomas, Angela Bacares Organizations: Italian Corps, Firefighters Locations: Porticello, Palermo, British, Sicily, Canadian

☆ The maker of Mike Lynch's yacht says it took 16 minutes to sink and the crew should have had time to rescue passengers
▼ + stars: | 2024-08-23 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThe maker of Mike Lynch's superyacht, which sank off the coast of Sicily, said it was "absolutely stable" and that it never should have gone down. It went down in 16 minutes," Costantino told the Financial Times. Advertisement"The boat sank because it took on water," Costantino said. Advertisement"The water came in from [hatchways] left open," Costantino told FT. "There is no other possible explanation. Witnesses told BBC News they saw a waterspout — an uncommon weather phenomenon consisting of tornadolike wind and water — before the ship went down.

Persons: —, Mike Lynch's superyacht, Lynch, Hannah, Mike Lynch, Yui Mok, Giovanni Costantino, Costantino, Recaldo Thomas, Stephen Askins, MailOnline, Matthew Schanck, Schanck Organizations: Service, Business, Divers, Italian Coastguard, Italian Sea Group, Financial Times, BBC News Locations: Sicily, Palermo, Italy, London

☆ Bayesian yacht: Body believed to be that of tech entrepreneur Mike Lynch’s daughter found by divers searching sunken Sicily boat
▼ + stars: | 2024-08-23 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +2 min

After retrieving six bodies from the wreck over the past four days, Lynch’s is the final body being searched for by Italian authorities. The body of her father, Mike Lynch, was retrieved and identified on Thursday, an Italian interior ministry official told Reuters. Fifteen people were rescued on Monday and one body was recovered – thought to be that on the onboard chef Recaldo Thomas. Five days on, Italian authorities are still working to understand how the 56-meter (184-foot) yacht sank so quickly. “In just 60 seconds, you can see the ship disappear,” he told Italian outlet ANSA.

Persons: Hannah Lynch, Mike Lynch, –, Lynch’s, Recaldo Thomas, Lynch, Morgan Stanley, Jonathan Bloomer, Judy Bloomer, Chris Morvillo, Neda Morvillo, ” Organizations: Italy CNN, Reuters Locations: Porticello, Italy, Sicily, Italian, American, “

☆ Final Body Is Recovered From Yacht That Sank Off Sicily
▼ + stars: | 2024-08-23 | by ( Emma Bubola | Elisabetta Povoledo | ) www.nytimes.com time to read: 1 min

Divers on Friday recovered the body of the final person who had been missing after a violent storm off the coast of Sicily sent a luxury yacht to the bottom of the sea, the Italian firefighter corps said. The discovery of the body, that of Hannah Lynch, the 18-year-old daughter of the British tech entrepreneur Mike Lynch, who also died in the yacht’s sinking, put an end to a wrenching search and to the slim hopes that any of the missing people might have survived. Ms. Lynch, whose family owned the yacht, was the final person who had been formally unaccounted for since Monday after tragedy struck a group that had been celebrating her father’s victory in a high-profile fraud case. There were 10 crew members and 12 passengers on board the 180-foot vessel, named Bayesian after the mathematical theorem around which Mike Lynch had built his technology empire. Fifteen survived.

Persons: Hannah Lynch, Mike Lynch, Lynch Locations: Sicily, British

☆ What to Know About the Business Execs With Mike Lynch on His Yacht
▼ + stars: | 2024-08-23 | by ( Michael J. De La Merced | ) www.nytimes.com time to read: +1 min

The corporate world reeled this week after a superyacht carrying the British software mogul Mike Lynch, his family and associates and others sank on Monday during a violent storm off the coast of Sicily. Of the 22 people on the yacht, 15 were rescued and seven bodies were recovered, including that of Mr. Lynch, an official in the Italian city of Palermo confirmed. The bodies of two other prominent business figures — Christopher J. Morvillo, a top white-collar defense lawyer, and Jonathan Bloomer, the chairman of Morgan Stanley International — were among those recovered. Others who were missing but whose bodies have now been recovered are Hannah Lynch, Mr. Lynch’s 18-year-old daughter; Mr. Morvillo’s wife, Neda Morvillo; and Mr. Bloomer’s wife, Judy Bloomer. Image Christopher J. Morvillo in New York in 2011. Credit... Scott Eells/BloombergChristopher MorvilloMr. Morvillo, 59, was a partner at Clifford Chance, the international law firm.

Persons: Mike Lynch, Mr, Lynch, — Christopher J, Jonathan Bloomer, Morgan Stanley, —, Hannah Lynch, Lynch’s, Morvillo’s, Neda, Bloomer’s, Judy Bloomer, Recaldo Thomas, Christopher J, Morvillo, Scott Eells, Bloomberg Christopher Morvillo Mr, Clifford Chance, Robert, Martha Stewart Organizations: Morgan, Bloomberg Locations: British, Sicily, Italian, Palermo, New York

☆ Mike Lynch, man once dubbed 'Britain's Bill Gates,' dies at age 59
▼ + stars: | 2024-08-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +9 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Dominic Lipinski | PA Images | Getty ImagesDuring the course of the trial, Lynch took the stand in his own defense. He became a key voice supporting the U.K. technology industry, backing key names like cybersecurity firm Darktrace and legal tech firm Luminance. Mike Lynch, founder of software firm Autonomy, at the company's headquarters in, Cambridge, U.K., Aug. 24, 2000. Bryn Colton | Hulton Archive | Getty Images"I keep rare breeds," Lynch told LeadersIn in a 2016 interview.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch, —, Angela Bacares —, Bacares, Hannah, Bill Gates, Graham Barclay, David Tabizel, Richard Gaunt, Thomas Bayes, Dominic Lipinski, Autonomy's, Stephen Chamberlain, Sushovan Hussain, Hussain, Thoma, Bryn, LeadersIn Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, CNBC, Sky News, Bancroft's, British Industry, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, HP, U.S, Packard, Prosecutors, Capital Management, Thoma Bravo, BBC, Council for Science, Technology, Forbes, East Anglian Times, The Times Locations: Sicily, U.S, Porticello, Palermo, Italy, Ilford, East London, Chelmsford, English, Essex, Woodford Green, London, Cambridge, Britain, Suffolk, Bryn Colton, England

☆ Mike Lynch won a dramatic 12-year legal battle over his tech company. Weeks later, he and his top lawyer are dead.
▼ + stars: | 2024-08-22 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +11 min

Hailed as Britain's Bill Gates, Lynch sold Autonomy, his groundbreaking data-management company, to Hewlett-Packard for $11 billion. Shareholders and business commentators were puzzled about what HP, a hardware company, would do with Autonomy, a software company — and why the latter was worth $11 billion. A year after the acquisition, HP wrote down $8.8 billion of the purchase value and accused Lynch of lying about Autonomy's finances. Lynch said HP stifled Autonomy with mismanagement and bureaucracy that pushed out employees and stymied sales. "This verdict closes the book on a relentless 13-year effort to pin HP's well-documented ineptitude on Dr. Lynch," Morvillo said in a joint statement with his attorney colleague Brian Heberlig.

Persons: —, Mike Lynch, Bill Gates, Lynch, Sushovan Hussain, Stephen Chamberlain, Chamberlain, Chris Morvillo, Léo Apotheker, Apotheker, Meg Whitman, James B, Stewart, Time Warner, Bryn Colton, Hussain, hadn't, Henry Nicholls, David Cameron, Cameron, Lynch —, Whitman, Apotheker's, Robert Hildyard, Hildyard hadn't, wasn't, that'd, Guglielmo Mangiapane Morvillo, Morvillo, Brian Heberlig, Angela Bacares, Hannah, Charles Morvillo Organizations: Service, Autonomy, Hewlett, Packard, HP, Business, Cambridge University, Cambridge, Oracle, Adobe, Cisco, Shareholders, New York Times, Time, FBI, Deloitte, Telegraph, The New York Times, KPMG, US Justice Department, Justice Department, High Court, REUTERS, BBC, British Museum, Politico, The Times, Times, Bacares Locations: San Francisco, London, California, Kenya, Sicily

☆ 'Britain's Bill Gates': Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?
▼ + stars: | 2024-08-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Lynch, 59, is the founder of enterprise software firm Autonomy. During the trial, Lynch took the stand in his own defense, denying wrongdoing and telling jurors that HP botched Autonomy's integration. "I keep rare breeds," Lynch told LeadersIn during an interview. Weeks before he was reported missing, Lynch told The Times newspaper of how he feared dying in prison if found guilty over the HP allegations.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch —, Bill Gates, —, Lynch's, Angela Bacares, Hannah —, Morgan, Jonathan Bloomer, Judy, Clifford Chance, Chris Morvillo, Neda, Stephen Chamberlain, Chamberlain's, Lynch, Autonomy's, Chamberlain, Sushovan Hussain, Hussain, David Tabizel, Richard Gaunt, Thoma, LeadersIn, Weeks Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, U.K, Morgan Stanley, Reuters, HP, U.S, Prosecutors, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, BBC, Council for Science, Technology, Capital Management, Thoma Bravo, Forbes, East Anglian Times, The Times Locations: Sicily, Porticello, Palermo, Italy, Cambridgeshire, England, Britain, U.S, Ilford, East London, Chelmsford, English, Essex, U.K, British, Suffolk

☆ An attorney who helped acquit missing tech tycoon Mike Lynch among those feared dead in superyacht disaster
▼ + stars: | 2024-08-19 | by ( Jack Newsham | ) www.businessinsider.com time to read: +2 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAmong those missing and feared dead in the aftermath of the sinking of "Bayesian," a sailing yacht linked to British technology magnate Mike Lynch, are Lynch's attorney Christopher Morvillo and Morvillo's wife, according to a colleague. He said the news came shortly after he learned that Lynch's codefendant Chamberlain was killed, struck by a car while jogging on Saturday. Another attorney at the firm, Ayla Ronald, is reportedly among those who survived the yacht's sinking.

Persons: —, Mike Lynch, Christopher Morvillo, Lynch, Gary Lincenberg, Lynch's, Stephen Chamberlain, Morvillo, Lynch's codefendant Chamberlain, Chris, Lincenberg, Chamberlain, Clifford Chance, didn't, Ayla Ronald Organizations: Service, Autonomy, Hewlett, Packard, Business Locations: Sicily, Manhattan, New York

☆ British tech entrepreneur Mike Lynch acquitted in fraud trial over Hewlett-Packard deal
▼ + stars: | 2024-06-07 | by ( ) edition.cnn.com time to read: +3 min

Representatives for Lynch and US prosecutors said Lynch was acquitted on all 15 charges — one count of conspiracy and 14 counts of wire fraud. Former Autonomy finance executive Stephen Chamberlain, who faced the same charges at trial alongside Lynch, was also acquitted on all counts, the Lynch representative said. On the stand, the entrepreneur said he had been focused on tech issues, and entrusted money matters and the accounting decisions at issue to Sushovan Hussain, Autonomy’s then-chief financial officer. Hussain was separately convicted in 2018 at a trial in the same court on charges related to the deal with HP. HP largely won a civil lawsuit against Lynch and Hussain in London in 2022, though damages have not yet been decided.

Persons: Mike Lynch, Lynch, Stephen Chamberlain, Chamberlain schemed, “, ” Lynch, Steve Jobs, Bill Gates, ” Abraham Simmons, ”, Leo Apotheker, Prosecutors, Chamberlain, Sushovan Hussain, Autonomy’s, Hussain Organizations: Hewlett, Packard, Autonomy, HP, United States, Cambridge University Locations: San Francisco, ” Cambridge, British, London

☆ Mike Lynch, U.K. Tech Mogul, Is Acquitted of Fraud
▼ + stars: | 2024-06-06 | by ( Michael J. De La Merced | ) www.nytimes.com time to read: 1 min

Mike Lynch, a British software mogul who was once one of his country’s most celebrated chief executives, was acquitted of fraud on Thursday in San Francisco federal court, clearing him of charges that he had led one of the biggest frauds in the technology industry. A jury found him not guilty of falsely inflating revenue at Autonomy, the company he founded and led, when he sold it to Hewlett-Packard for $11 billion in 2011. Mr. Lynch, 58, who faced decades in prison, had initially been charged with 16 counts of fraud and conspiracy, though one fraud charge was eventually dismissed. Thursday’s verdict, coming after a monthslong trial in California, is a milestone in Mr. Lynch’s decade-long odyssey to clear his name.

Persons: Mike Lynch, Lynch Organizations: Autonomy, Hewlett, Packard, Mr Locations: British, San Francisco federal, California

☆ British tech pioneer Mike Lynch acquitted at U.S. fraud trial
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: +3 min

Mike Lynch, former chief executive officer of Autonomy, arrives at federal court in San Francisco, California, US, on Monday, March 18, 2024. Representatives for Lynch and U.S. prosecutors said Lynch was acquitted on all 15 charges — one count of conspiracy, and 14 counts of wire fraud, each connected to specific transactions or communications. Former Autonomy finance executive Stephen Chamberlain, who faced the same charges at trial alongside Lynch, was also acquitted on all counts, the Lynch representative said. The trial where prosecutors said Lynch and Chamberlain schemed to inflate Autonomy's revenue was the latest chapter in a legal saga stemming from the failed deal. Lynch was one of the UK's leading tech entrepreneurs, drawing comparisons to Apple cofounder Steve Jobs and Microsoft cofounder Bill Gates.

Persons: Mike Lynch, Lynch, Stephen Chamberlain, Chamberlain schemed, Leo Apotheker, Prosecutors, Chamberlain, Sushovan Hussain, Autonomy's, Hussain, Steve Jobs, Bill Gates Organizations: Autonomy, Hewlett, Packard, Former Autonomy, HP, Cambridge University, Cambridge Locations: San Francisco , California, San Francisco, U.S, British, London

☆ UK tech darling Darktrace rallies 17% after agreeing $5.32 billion private equity sale to Thoma Bravo
▼ + stars: | 2024-04-26 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

In this photo illustration a DarkTrace logo is displayed on a smartphone with stock market percentages in the background. LONDON — British cybersecurity firm Darktrace on Friday announced it had agreed a sale to U.S. private equity giant Thoma Bravo, for an all-cash offer of $5.315 million. Darktrace shares were 17% higher at 10:26 a.m. London time. Darktrace was founded in 2013 and is based in the U.K. city of Cambridge, which has attracted a cluster of tech firms over the last decade. Darktrace on Friday said it had rejected previous unsolicited proposed offers from Thoma Bravo because the tech company assessed they did not fairly value the business.

Persons: Darktrace, Thoma, Thoma Bravo, Mike Lynch Organizations: Thoma Bravo, London Stock Exchange Locations: London, U.S, Asia, U.K, Cambridge, Darktrace, Thoma

☆ Mike Lynch-backed legal tech startup Luminance raises $40 million, capitalizing on AI hype
▼ + stars: | 2024-04-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Mathisworks | Digitalvision Vectors | Getty ImagesLegal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence. The company told CNBC that it raised the fresh capital in a Series B funding round led by U.S. venture fund March Capital. "We had lots of interest from lots of VCs," Eleanor Lightbody, CEO of Luminance, told CNBC in an interview on Tuesday. Lightbody said that businesses are investing in AI tools like Luminance's to keep a competitive edge, as well as to reduce costs. Luminance is one firm of the many generating buzz from investors thanks to the hype swirling around artificial intelligence.

Persons: Slaughter, Eleanor Lightbody, Lightbody Organizations: CNBC, U.S, National Grid Partners, National Grid, Koch Industries, Hitachi, Yokogawa, Liberty Mutual, LG Chem, BBC Studios, University of Cambridge, Companies, Mistral, Microsoft, Amazon, Investors

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