STONINGTON PARTNERS v. LERNOUT & HAUSPIE SPEECH

No. 01-3636.

310 F.3d 118 (2002)

STONINGTON PARTNERS, INC.; Stonington Capital Appreciation 1994 Fund, L.P.; Stonington Holdings, L.L.C., Appellants v. LERNOUT & HAUSPIE SPEECH PRODUCTS N.V.; Dictaphone Corp; L&H Holdings USA Inc. Official Committee of Unsecured Creditors, Intervenor in Bankruptcy Court AMENDED per clerk's order of 2/8/02

United States Court of Appeals, Third Circuit.

October 4, 2002.

Filed November 4, 2002.

As Amended November 12, 2002.


Attorney(s) appearing for the Case

Alan S. Goudiss, [Argued], Shearman & Sterling, New York, Brendan L. Shannon, Young, Conaway, Stargatt & Taylor, Wilmington, for Appellants, Stonington Partners, Inc.; Stonington Capital Appreciation 1994 Fund, L.P.; Stonington Holdings, L.L.C.

Luc A. Despins, [Argued], Milbank, Tweed, Hadley & McCloy, New York, Francis A. Monaco, Jr., Walsh, Monzack & Monaco, Wilmington, for Appellees, Lernout & Hauspie Speech Products N.V.

Ira S. Dizengoff, [Argued], Akin, Gump, Strauss, Hauer & Feld, New York, for Appellees, Dictaphone Corp; L&H Holdings USA Inc.

Before ROTH, RENDELL, and ROSENN, Circuit Judges.


OPINION OF THE COURT

RENDELL, Circuit Judge.

Lernout & Hauspie Speech Products, N.V., ("L&H") filed for relief under the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware on November 29, 2000. One day later, it filed a second plenary insolvency proceeding under the laws of Belgium, its place of incorporation. Perhaps predictably, conflicts arose thereafter as to the applicable laws and appropriate jurisdiction for...

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