Legal Opinion
Baker v. Goldman Sachs & Co.
District Court, D. Massachusetts
Decided September 15, 2009No. Civil Action 09-10053-PBSPublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
SARIS, District Judge.
This case arises out of the merger of Dragon Systems, Inc. (“Dragon”) into Lernout & Hauspie Speech Products N.V. and its subsidiary (collectively “L & H”) on June 7, 2000. Within months of the merger, the public disclosure of an accounting fraud scheme at L & H rendered L & H’s stock worthless, and ultimately led L & H to file for bankruptcy on November 29, 2000.
Plaintiffs Janet and James Baker, the founders and controlling shareholders of Dragon, allege that defendant Goldman Sachs & Co. (“Goldman”) 1 is liable to them for breach of contract and…
2Cases cited35 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Mastrobuono v. Shearson Lehman Hutton, Inc.Supreme Court of the United States · 1995
- EBC I, Inc. v. Goldman, Sachs & Co.New York Court of Appeals · 2005
- Rodriguez-Ortiz v. Margo Caribe, Inc.Court of Appeals for the First Circuit · 2007
- Rowe v. Great Atlantic & Pacific Tea Co.New York Court of Appeals · 1978
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3Cited by2 opinions
- First Choice Armor & Equipment, Inc. v. Toyobo America, Inc.District Court, D. Massachusetts · 2012
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