The Bakers had received stock worth hundreds of millions of US dollars, but were only able to sell a few million dollars' worth before the stock lost all its value as a result of the accounting fraud. The deal was not originally supposed to be all stock and the unavailability of the Goldman Sachs team to advise concerning the change in terms was one of the grounds of the Bakers' subsequent lawsuit. Following the all-share deal advised by Goldman Sachs, Lernout & Hauspie declared bankruptcy in November 2000. The company was then purchased in June 2000 by Lernout & Hauspie, a Belgium-based corporation that was subsequently found to have been perpetrating financial fraud.
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