> Professor Gompers opined that at the time the acquisition closed, Dragon was a troubled company that was losing money and had regularly missed its own financial projections. It was highly uncertain whether Dragon could survive as a stand-alone entity. Professor Gompers also showed that technology stocks were on a downward trend, and L&H was the only buyer willing to pay the steep price Dragon demanded. Thus, he concluded that if the company had not accepted the L&H deal, Dragon likely would have declared bankruptcy. The jury found in favor of the defendants and awarded no damages to the plaintiffs.
> Professor Gompers opined that at the time the acquisition closed, Dragon was a troubled company that was losing money and had regularly missed its own financial projections. It was highly uncertain whether Dragon could survive as a stand-alone entity. Professor Gompers also showed that technology stocks were on a downward trend, and L&H was the only buyer willing to pay the steep price Dragon demanded. Thus, he concluded that if the company had not accepted the L&H deal, Dragon likely would have declared bankruptcy. The jury found in favor of the defendants and awarded no damages to the plaintiffs.