Investment Recovery Cases

Lernout & Hauspie

Company name

Lernout & Hauspie Speech Products

Belgium

Relevant period

1996 – 21/09/2000

Case initiated

2000

Cases Lernout & Hauspie

Deminor advises more than 13,000 private investors who have suffered losses following the disclosure of accounting fraud and the ensuing bankruptcy of Lernout en Hauspie. The criminal proceedings led to the conviction of certain managers and the auditor of the company. Civil proceedings are still ongoing against various defendants, including the auditor KPMG.