JUDGE HOLDS BELGIAN EXECS LIABLE FOR STOCK SWAP WITH WORTHLESS SHARES Stonington Partners v. Lernout & Hauspie Speech Prods. | Secondary Sources | Westlaw

JUDGE HOLDS BELGIAN EXECS LIABLE FOR STOCK SWAP WITH WORTHLESS SHARES Stonington Partners v. Lernout & Hauspie Speech Prods. | Secondary Sources | Westlaw

View on Westlaw or start a FREE TRIAL today, JUDGE HOLDS BELGIAN EXECS LIABLE FOR STOCK SWAP WITH WORTHLESS SHARES Stonington Partners v. Lernout & Hauspie Speech Prods., Secondary Sources
13 No. 5 Andrews Mergers & Acquisitions Litig. Rep. 8
Andrews Mergers & Acquisitions Litigation Reporter
December 2002
Fraud:
Copyright © 2002 Andrews Publications

JUDGE HOLDS BELGIAN EXECS LIABLE FOR STOCK SWAP WITH WORTHLESS SHARES

Stonington Partners v. Lernout & Hauspie Speech Prods.

Three executives who defrauded Stonington Partners Inc. into selling a subsidiary to their Belgian corporation for $490 million in worthless stock are personally liable, a Delaware state court judge has ruled. Vice Chancellor Jack Jacobs refused to...
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