The estate of late tech tycoon Mike Lynch and his business partner owe technology giant Hewlett Packard Enterprise (HPE) £700m, the UK High Court has ruled. HPE bought Lynch's tech firm Autonomy in 2011, but it says Lynch and Autonomy's former chief financial officer, Sushovan Hussain ,misrepresented the company's finances.

The technology giant had accused the British mogul, who died last year when his yacht sank, of fraud in the sale of his company in 2011.

A judge at London's High Court said that Hewlett Packard Enterprise (NYSE:HPE)  is owed over 700M pounds (about $944M) from the estate of the late Mike Lynch and his former business partner over the company's acquisition of their British software firm Autonomy,