Mike Lynch News

Jonathan Bloomer, Chairman of Morgan Stanley International, is reported missing following the sinking of the superyacht Bayesian. Also missing are Mike Lynch, the yacht's owner, his 18-year-old daughter Hannah, and Chris Morvillo, a lawyer at Clifford Chance. Italian authorities confirm their disappearance, as reported by The Times. The Bayesian, a 56-meter superyacht, sank early Monday morning off the coast of Sicily. The vessel, which had been anchored near Porticello, was struck by a tornado. Initial assessments suggest that the yacht's large aluminum mast may have contributed to its instability and subsequent sinking, as per the reports of Yahoo news.

LONDON — British technology entrepreneur Mike Lynch was acquitted of fraud charges in June in a landmark trial over allegations made by Hewlett Packard that he had artificially inflated the value of his company when he sold it to the U.S. enterprise tech giant for $11.7 billion in 2011.

superyacht off Sicily on Tuesday to search for six people, including British tech magnate Mike Lynch, who are believed to be still trapped in the hull, 50 meters (164 feet) underwater. Divers were loading a rescue dinghy at the port of Porticello, near Palermo, after a first search Monday ended unsuccessfully. Fire rescue crews reported that divers were unable to access the below-deck cabins because they were blocked by debris that had shifted during the violent storm that toppled the luxury sailboat early Monday. Fifteen people survived, including a mother who reported holding her 1-year-old baby over the waves to save her. One body has been recovered, officials said.

Mike Lynch, the British tech magnate, and five other people were missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived. Lynch was among six people who remain unaccounted for after their chartered sailboat sank off Porticello, near Palermo, sometime after 4 a.m. A tornado over the water known as a waterspout had struck the area overnight, said Salvo Cocina of Sicily’s civil protection agency. One body was recovered, and police divers spent the day trying to reach the hull of the ship, which was resting at a depth of 50 meters (163 feet) off Porticello where it had been anchored, rescue authorities said. They returned to the site after 10 p.m. to see if it would be possible to search through the night, when weather conditions were expected to worsen, said Luca Cari, spokesman of the fire rescue service.

British tech giant Mike Lynch, his lawyer and four other people are among those missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy's civil protection and authorities said.

British tech magnate Mike Lynch has been cleared of charges alleging he orchestrated a fraud and conspiracy leading up to an $11 billion deal that turned into a costly albatross for Silicon Valley pioneer Hewlett Packard

the trial finally began in mid-March. Lynch, 58, had been free on $100 million bail. Being accused of a massive fraud represented a dramatic turn in fortune for an entrepreneur once described as the Bill Gates of Britain — a title he seemed to live up to when he negotiated the Autonomy sale that generated a more than $800 million windfall for him.

An $11 billion acquisition that backfired on Silicon Valley pioneer Hewlett Packard more than a decade ago is being resurrected at a trial that exploring whether the deal was an illegal rip-off or a case of botched management