District Court, D. Massachusetts November 18, 2002, 1:00-cv-11589 (Filler v. Lernout (In Re Lernout & Hauspie Securities Litigation))

MEMORANDUM AND ORDER

SARIS, District Judge.

INTRODUCTION

Sed quis custodiet ipsos custodes?

1

But who will guard these guardians? This dispute involves securities fraud claims against an outside Board of Directors, including the Audit Committee, of a now bankrupt speech recognition software corporation, Lernout

&

Hauspie Speech Products, N.V. (“L

&

H”).