Beleaguered speech recognition firm Lernout & Hauspie Speech Products has voluntarily delisted its shares from the Nasdaq Europe stock exchange, the Belgian company reported last week. L&H president Philippe Bodson said the company made the move because it does not meet Nasdaq Europe listing requirements. L&H continues to trade in the U.S. on the Over the Counter market.
Lernout & Hauspie has been mired in an ongoing financial crisis caused by accounting irregularities at its Korean subsidiary. The company filed for Chapter 11 reorganization in December.
By AuntMinnie.com staff writersMay 21, 2001
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