Summary
The Delaware Court of Chancery awarded damages using the out-of-pocket measure of losses, which Stonington suffered after Lernout & Hauspie restated its earnings following a stock-for-stock transaction in which Lernout acquired a subsidiary of Stonington.
Stonington Partners, Inc. v. Lernout & Hauspie Speech Products, N.V.
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See Also
Out-of-Pocket Approach Used to Measure Damages
The Delaware Court of Chancery awarded damages using the out-of-pocket measure of losses, which Stonington suffered after Lernout & Hauspie restated its earnings following a stock-for-stock transaction in which Lernout acquired a subsidiary of Stonington.