Legal Opinion

Bamberg v. Goldman, Sachs & Co.

Court of Appeals for the First Circuit

Decided November 12, 2014No. 13-2173, 13-2208PublishedCited by 55 opinions

1Opinion of the Court

LYNCH, Chief Judge.

Dragon Systems, Inc. (“Dragon”), a leading voice recognition software company in the late 1990s, needed infusions of capital to continue operations and so sought an acquisition partner. It hired an investment banker, Goldman Sachs (“Goldman”), to assist it. Dragon was acquired in June 2000 by Lernout & Hauspie Speech Products N.V. But Lernout & Hauspie had fraudulently overstated its earnings. When that was learned, bankruptcy ensued for the merged company, and the name Dragon and its technology were sold from the estate.

Naturally, considerable litigation followed out of…

2Cases cited52 opinions

  1. Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
  2. Massachusetts School of Law at Andover, Inc. v. American Bar Ass'nCourt of Appeals for the First Circuit · 1998
  3. Rodriguez-Bruno v. Doral MortgageCourt of Appeals for the First Circuit · 1995
  4. Levings v. Forbes & Wallace, Inc.Massachusetts Appeals Court · 1979
  5. Quaker State Oil Refining Corporation v. Garrity Oil Company, Inc., Quaker State Oil Refining Corporation v. Garrity Oil Company, Inc.Court of Appeals for the First Circuit · 1989

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3Cited by55 opinions

  1. Walsh v. Teltech Systems, Inc.Court of Appeals for the First Circuit · 2016
  2. Franchina v. Providence Fire DepartmentCourt of Appeals for the First Circuit · 2018
  3. Full Spectrum Software, Inc. v. Forte Automation Systems, Inc.Court of Appeals for the First Circuit · 2017
  4. La Vigne v. Costco Wholesale Corp.District Court, S.D. Illinois · 2018
  5. Anoush Cab, Inc. v. Uber Tech. Inc.Court of Appeals for the First Circuit · 2021

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