Legal Opinion
Baker v. Goldman Sachs & Co.
District Court, D. Massachusetts
Decided June 11, 2013No. Civil Action Nos. 09-10053-PBS, 10-10932-PBSPublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
SARIS, Chief Judge.
I. INTRODUCTION
On June 7, 2000, Dragon Systems, Inc. (“Dragon”), a company that revolutionized *301speech recognition technology, merged into Lernout & Hauspie Speech Products N.V. (“L & H”). Within months, the public disclosure of a fraud at L & H rendered its stock worthless. Plaintiffs Janet and James Baker, Robert Roth, and Paul Bamberg, the founders and principal shareholders of Dragon, lost about $300 million as well as their lives’ work, and spent the next decade in litigation against L & H and others trying to claim back the losses.
Janet and James…
2Cases cited35 opinions
- International Fidelity Insurance v. WilsonMassachusetts Supreme Judicial Court · 1983
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- Marram v. Kobrick Offshore Fund, Ltd.Massachusetts Supreme Judicial Court · 2004
- Massachusetts Eye & Ear Infirmary v. QLT Phototherapeutics, Inc.Court of Appeals for the First Circuit · 2009
- Kattar v. DemoulasMassachusetts Supreme Judicial Court · 2000
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3Cited by3 opinions
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