#DRAGON DICTATE TRIAL SOFTWARE#

The jury also said Goldman proved that Janet Baker breached her fiduciary duty to Bamberg and Roth. The jury said Baker caused damages, but no figure was given in the verdict.

In counter claims brought by Goldman, the jury found that Janet Baker had made negligent misrepresentations to Paul Bamberg and Robert Roth, Dragon employees who held 5.54 percent and 2.75 percent, respectively, of the company’s stock.

#DRAGON DICTATE TRIAL SOFTWARE#

Hewlett-Packard Co took an even bigger hit, in November warning it would book an $8.8 billion charge after discovering “serious accounting improprieties” at Autonomy, a British software company it bought the previous year.

Last week, Caterpillar Inc told investors it will take a $580 million charge in its just-ended fourth quarter after uncovering an accounting fraud in a subsidiary of a Chinese company it acquired last summer. Before the verdict was read, the couple sat closely together, as they had throughout the 23-day trial. The Bakers were not available for comment. But on a frigid day outside the federal courthouse, Donovan joined his legal team and smiled for a group picture. John Donovan, Goldman’s lead lawyer on the case, declined to comment. We fulfilled all our advisory duties to Dragon Systems,” Goldman Sachs spokeswoman Tiffany Galvin said.

“We are pleased the jury rejected these claims. The Bakers and two early Dragon employees sought several hundred million dollars in damages. District Court in Boston.ĭragon founders Jim and Janet Baker, pioneers in the field of speech recognition software, accused Goldman investment bankers of being negligent in the 2000 sale of their company to Belgium-based Lernout & Hauspie, which collapsed in a massive accounting fraud. The jury cleared Goldman of claims of negligence, intentional misrepresentation and breach of fiduciary duty, and others, in the civil case, according to the verdict announced in U.S. Traders work on the floor of the New York Stock Exchange near the Goldman Sachs stall July 16, 2010.

Dragon dictate trial