Janet Baker et al. v. Goldman, Sachs & Co. et al.
Janet Baker et al. v. Goldman, Sachs & Co. et al.
2 PagesCounsel for Goldman Sachs retained Cornerstone Research and Professor Paul Gompers of the Harvard Business School to value Dragon Systems at the time it was acquired by Lernout & Hauspie. A federal jury in Boston found Goldman Sachs not liable in the aftermath of the all-stock sale of speech-recognition software company Dragon Systems to Lernout & Hauspie (L&H). The plaintiffs, led by Dragon co-founders Janet and James Baker, sought several hundred million dollars in damages. Ropes & Gray and Wachtell, Lipton, Rosen & Katz, co-counsel for Goldman Sachs, retained Cornerstone Research and Professor Paul Gompers of the Harvard Business School to value Dragon at the time it was acquired by L&H. The jury found in favor of the defendants and awarded no damages to the plaintiffs. Dragon hired Go
