Deals
Dragon Founder Says ‘Part of Me Died’ When Buyer Collapsed
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Dragon Systems Inc. co-founder Jim Baker told a jury in his lawsuit against Goldman Sachs Group Inc. that it “felt like part of me had died” when the Belgian firm that bought his company dissolved in an accounting scandal.
Baker, his wife, Janet, and two other Dragon co-founders claim in a lawsuit filed in federal court in Boston that New York-based Goldman Sachs gave faulty advice which led to the disastrous $580 million all-stock sale of Dragon, a maker of computer speech-recognition products, to Lernout & Hauspie Speech Products NV.