Baena v. KPMG LLP
Court of Appeals for the First Circuit
1Opinion of the Court
BOUDIN, Chief Judge.
Lernout & Hauspie Speech Products, N.V. (“L & H”) was a Belgian company, with its U.S. headquarters in Massachusetts, engaged in developing and licensing speech recognition software. Its first public stock offering occurred in 1995. From 1998 to 2000, it reported soaring revenues and profits and acquired other companies; in March 2000, it contracted to acquire two U.S. companies — Dictaphone Corp. (“Dictaphone”) and Dragon Systems, Inc. (“Dragon”) — and took on massive new debt in connection with these acquisitions.
In August 2000, newspaper stories triggered investigations…
2Cases cited36 opinions
- Warth v. SeldinSupreme Court of the United States · 1975
- Steel Co. v. Citizens for a Better EnvironmentSupreme Court of the United States · 1998
- Valley Forge Christian College v. Americans United for Separation of Church and State, Inc.Supreme Court of the United States · 1982
- O'Melveny & Myers v. Federal Deposit InsuranceSupreme Court of the United States · 1994
- Rogan v. MeninoCourt of Appeals for the First Circuit · 1999
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