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....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.