Lernout and Hauspie seeks bankruptcy protection

Article Abstract:

Lernout and Hauspie Speech Products N.V. owes several hundred million dollars in loans to a consortium of banks. The company planned to file for bankruptcy in Belgium on November 30, 2000.

Organizational history, Planning, Brief Article, Bankruptcy

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U.S. court grants Lernout & Hauspie a financing facility

Article Abstract:

Lernout and Hauspie Speech Products NV planned debtor-in-possession financing facility has been approved by the US Bankruptcy Court for the District of Delaware. The 13-month facility is valued at $60 million (65.4 million euros).

United States, Receipt of funds

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L&H's restructuring plan weighs against shareholders (Lernout and Hauspie Speech Products N.V.)

Article Abstract:

Belgium-based speech recognition software vendor Lernout and Hauspie Speech Products N.V., restructures and seek to satisfy creditors, shareholders and employees as well.

Financial management, Management, Voice communications software, Bodson, Philippe

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