None of the LDCs ever produced any significant product. Retrieved 11 November The majority of this revenue was fraudulent. Coordinates not on Wikidata. Retrieved September 25, This page was last edited on 25 September , at The LDCs were structured in a manner that masked their actual role at the time of their creation.
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SEC Complaint in this matter.
Both courts determined that reorganization and recovery were hausipe possible, and the company is currently in liquidation proceedings in the U.
This page was last edited on 25 Septemberat The LDCs were structured in a manner that masked their actual role at the time of their creation. After the bankruptcy, Nuance Communications known then as ScanSoft acquired all of the speech technologies.
Belgian Court Finds Lernout & Hauspie Founders Guilty Of Fraud | Global Insolvency
Further investigation by WSJ staffer Jesse Eisinger led to the revelation on 8 August of a major financial scandal involving fictitious transactions in Korea and improper accounting methodologies elsewhere. Subsequent Events The Commission’s complaint further alleges that: According to the Commission’s complaint: Retrieved 11 November The majority of this revenue was fraudulent. Securities and Exchange Commission.
Views Read Edit View history. Section 17 a of the Securities Act of and Sections 10 b13 a13 b 2 A and 13 b 2 Uauspie of the Securities Exchange Act of and Rules 10b-5, 12b, 13a-1, 13a, and 13a thereunder.
The Commission’s investigation is continuing with respect to other persons and entities. Bankruptcy Code in the District of Delaware.
Lernout & Hauspie
While Pol Hauspie pleaded guilty, Jo Lernout denied any wrongdoing,  claiming that the company has been a victim of a “CIA conspiracy”. According lernouut the Commission’s complaint, the conduct described above violated the anti-fraud, reporting, books and records and internal controls provisions of the federal securities laws: Most were incorporated in Singapore, although they had no actual operations in that country.
It acquired a number of its smaller competitors, including text-to-speech developer Berkeley Speech Technologiesin Securities and Exchange Commission Washington, D. Retrieved September 25, Flanders played an important role in investing in the company and the surrounding Flanders Language Valley.
Retrieved from ” https: All were private companies. Archived from the original on 25 June Archived from the original on Investors and taxpayers alike were hit hard when hzuspie company went bankrupt.