$250M Lawsuit Against Mike Lynch's Widow Withdrawn After Criticism from Manufacturer in Yacht Sinking Tragedy

Mar. 15, 2025

Mike Lynch, former chief executive officer of Autonomy Corp departs the Rolls Building on June 27, 2019.Photo:Dan Kitwood/Getty

Dan Kitwood/Getty

This came just days after Italian publicationLa Nazionereported that Tommaso Bertuccelli, a lawyer representing TISG, filed a €222 million (about $247.8 million) lawsuit, claiming Lynch’s widow, Angela Bacares, and the crew had damaged the reputation of the company, which had lost business as a result of the tragedy, according toFortune.

The source tells PEOPLE the lawsuit was withdrawn at the request of TISG, whose management claimed they had “no involvement in the lawsuit filed in a Sicilian court last week in their name.”

According to TISG, all documents related to the summons “have already been physically withdrawn, effectively nullifying the legal action that had been the subject of recent media coverage.”

“While TISG did give a general mandate to the lawyers mentioned in the article, no legal representative of the company has examined, signed, or authorized any writ of summons,” they added. “The company firmly distances itself from the published information and reserves the right to protect its interests through all available legal channels.”

Bacares was one of four people named in the lawsuit,La Nazionereported.

Speaking withSky Newsthat same week, Costantino called the company’s ships “unsinkable” and “the safest in the most absolute sense.”

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Many detailsof why the yacht went into the water so quicklyremain unclear and it’s not yet known what the passengers and crew were doing before tragedy struck.

Lynch was later acquitted in a separate U.S. trial related to the sale. He and others, including one of the lawyers who worked on the case,Christopher Morvillo, were apparentlycelebrating the acquittalon the superyacht that capsized shortly before it sank.

source: people.com