Goldman Sachs Ducks Final Claims In $580M Negligence Suit

Law360, New York (June 12, 2013, 4:02 PM EDT) -- A Massachusetts federal judge on Tuesday tossed remaining claims against Goldman Sachs Group Inc. tied to a $580 million negligence suit, saying that the financial adviser's role in Dragon Systems Inc.'s sale to Lernout & Hauspie Speech Products NV wasn't “egregious” enough to violate state law.

The decision comes after a jury found in January that Goldman had not provided former Dragon officials with misleading statements leading up to its June 2000 deal with Lernout, according to court documents. Guided by the jury's finding, U.S. District...
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