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L & H GAINS PROTECTION IN BELGIUM, PLANS LAYOFFS

About 1 pages (115 words)

The Boston Globe, January 6th, 2001

A Belgian judge has granted bankruptcy protection to Lernout & Hauspie, which once made billions with voice-controlled computer technology. Company officials later indicated L&H's restructuring plan includes cutting about 1,000 jobs. Saying there is "no doubt there was fraud" at L&H, Judge Michel Handschoewerker cleared the way for the Belgian company, which has offices in Burlington, to seek imme...

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