Lernout Is Declared Insolvent
October 25, 2001
This post is filed under: Governance.
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Lernout & Hauspie Speech Products (news/quote), the once highflying software company brought low by an accounting scandal and management turmoil, was declared insolvent today by a court in Ypres, Belgium, where it is based. The court appointed five liquidators to dispose of the company’s Belgian