Dragon Systems Founders Take Goldman to Trial Over Sale Advice

Jim and Janet Baker, pioneers in the field of computer speech recognition, turned to Goldman Sachs Group Inc. in late 1999 when they needed investment bankers to advise them on the sale of Dragon Systems Inc., the company they had spent 17 years building.

The Bakers, who started Dragon in their Boston-area home, had seen it grow into a company with $68 million in sales, more than 350 employees and operations in the U.S., Germany, U.K, France and Japan. They wanted to sell to a company that would let them continue to develop the technology they had spent their professional and married lives creating.