Successful Resolution of Damages Action by Litigation Trust of Belgian Company Against Korean Banks

Litigation Trust of Lernout & Hauspie Speech Products NV
Representation of Litigation Trust of Lernout & Hauspie Speech Products NV, a large Belgian speech recognition technology company, in a damages action in the United States District Court for the Southern District of New York. Our client sought to recover $50 million in damages from three Korean banks arising from misleading and fraudulent factoring agreements between the banks and a wholly-owned Korean subsidiary of L&H. We defeated the banks’ motions to dismiss and obtained a settlement in favor of the Trust.
Related Topics
Related Practices
RELATED PEOPLE
Scott L. Baena

Scott L. Baena

Senior Special Counsel
MORE EXPERIENCE
Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
Experience
Representation of equity investor in its successful bid for the deployment of the Red Compartida wholesale broadband network, an approximately $7 billion public-private partnership with the Mexican Secretariat of Communications and Transportation.
Experience
Represented the bankruptcy estate of All American Semiconductor, Inc., in the prosecution of an antitrust action for price-fixing in the Northern District of California against the major manufacturers of DRAM.
VIEW MORE EXPERIENCE