Goldman Is Liable For Failed Buyout, Dragon Founders Says

Law360, Los Angeles (December 4, 2013, 5:44 PM EST) -- The former owners of speech technology firm Dragon Systems Inc. asked the First Circuit on Wednesday to revive their allegations that Goldman Sachs & Co. failed to assess the stability of a company buying out Dragon, arguing that Goldman’s conduct was egregious enough to warrant liability.

Dragon founders James and Janet Baker asked the circuit to overturn a Massachusetts district court decision that Goldman did not violate a state law when it failed to perform due diligence on Lernout & Hauspie Speech Products NV’s attempted $580...
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