L&H internal probe reveals widespread accounting fraud

Article Abstract:

An investigation into the accounting practices of Lernout and Hauspie Speech Products reveals the company may have incorrectly recorded up to $277 million in revenue.

Public affairs, Investigations, Fraud

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Belgian court denies L&H request for bankruptcy protection (Lernout and Hauspie Speech Products N.V.)

Article Abstract:

Belgium-based speech recognition software vendor Lernout and Hauspie Speech Products N.V., has lost its case for Chapter 11 bankruptcy protection before a Belgian court sitting in Leper, Belgium.

Financial management, Government regulation, Cases, Finance, Bankruptcy

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Pol Hauspie resigns from L&H board

Article Abstract:

The co-founder of Lernout and Hauspie Speech Products NV (L&H), Pol Hauspie, has resigned from the company's board of directors. The resignation is the latest result of the L&H's troubles.

Computer Software, Software Publishers, Executive changes & profiles, Software

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