Jury Finds For Goldman In $580M Dragon Sale Suit

Law360, New York (January 23, 2013, 6:08 PM EST) -- A federal jury in Boston on Wednesday found that Goldman Sachs Group Inc. was not negligent when it advised Dragon Systems Inc. in its $580 million sale to Lernout & Hauspie Speech Products NV, a Belgian firm that collapsed in an accounting scandal soon after the deal closed.

The jury found that the New York-based investment bank did not provide Dragon's founders, Jim and Janet Baker, with negligent misstatements when advising them on the June 2000 deal, a Goldman representative confirmed to Law360 on Wednesday afternoon....
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