Ex-head of bust Italian giant Parmalat apologizes to savers
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Calisto Tanzi, founder of the bankrupt Italian food giant Parmalat at the heart of a huge finance scandal, apologized to savers who suffered ruin from the company's meltdown.
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Parmalat's government-appointed administrator filed a suit against Bank of America in federal court in North Carolina on Thursday, seeking damages as part of the company's efforts to recoup money from past dealings with the financial institution, the scandal-stung dairy giant said.
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Global finance titan Citigroup said it was challenging the Italian government's reorganization plan for bankrupt food group Parmalat, claiming the bank is not being compensated for losses from massive fraud.
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Parmalat sued its former auditors  Deloitte & Touche and Grant Thornton on Wednesday in its second  $10 billion lawsuit against financial partners that Parmalat  says helped drive it into insolvency.
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Dairy group Parmalat, which went bankrupt in 2003, reaches damage settlements with three major banks.
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Parmalat sued its former auditors  Deloitte & Touche and Grant Thornton on Wednesday in its second  $10 billion lawsuit against former financial partners which the  crippled dairy group says helped drive it into insolvency.
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Esattamente un anno. Sono passati 12 mesi dallâinizio della fine della Parmalat targata Calisto Tanzi: esattamente un anno dal comunicato choc con il quale lâex presidente della societÃ  agroalimentare
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MILAN Parmalat, Finanziaria, the bankrupt Italian dairy and food giant, said Thursday that it was suing 45 banks to recover money paid to them in the year before it collapsed.
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ROME Aug. 18, 2004  The new management at insolvent Italian dairy company Parmalat announced Wednesday it had filed suit against auditors Grant Thornton International and Deloitte Touche Tohmatsu, accusing them of playing a role in the conglomerate&#39;s ...
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Italian food giant Parmalat is pushing ahead with plans to sue its former auditors by taking CSFB to task over a bond deal back in 2002.
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Parmalat's administrator Enrico Bondi will claim &quot;very substantial&quot; damages from the failed company's former executives and others in a Milan court hearing on October 5, the lawyer representing Bondi in the hearings said.
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Parmalat, the Italian food company that went bankrupt after a crippling financial scandal, last night sued outside auditors Grant Thornton and Deloitte &amp; Touche, seeking $10bn (£5.5bn) in damages.
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The former chairman of collapsed food company Cirio Sergio Cragnotti will be questioned by prosecutors investigating the collapse of dairy giant Parmalat, news reports said Tuesday.
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The founder and CEO of Parmalat, the Italian dairy and juice giant that collapsed a year ago in a spectacular &#36;18 billion fraud case known as "Europe's Enron," apologized to investors Saturday and pledged to help prosecutors build their case.
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The former chief financial officer of Parmalat said the scandal-ridden company's founder Calisto Tanzi would only shrug when warned that the dairy giant's finances were in trouble, a newspaper reported Sunday.
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The new chief executive of Citibank Japan apologized at a Parliament committee Tuesday and promised that misled customers will be compensated at its private-banking unit, where regulators have found violations.
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MILAN : A court in Milan opened preliminary hearings into the collapse of Italian food giant Parmalat and ordered two former auditors at the company to stand trial at the end of January.