Parmalat sues in US for $10b to recoup losses
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Parmalat's government-appointed administrator filed a suit yesterday against Bank of America in a federal court in North Carolina in the latest attempt by the collapsed dairy giant to recoup money from financial institutions with which it dealt.
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Il commissario straordinario di Parmalat, Enrico Bondi, ha chiesto alla Bank of America un risarcimento danni che si aggira intorno ai 10 miliardi di dollari. Lo riferiscono fonti legali del gruppo alimentare.
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Bank of America is prepared to take legal action against failed Italian food group Parmalat in the United States and Italy if its rights as a creditor are not respected, the bank's vice president Jaap Dutry ...
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PARMALAT, the bankrupt Italian food company, is suing outside auditors Grant Thornton and Deloitte &amp; Touche, seeking £5.5 billion in damages.
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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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Giant US electronics retailer Best Buy has been sued by the State of Ohio over alleged unfair and deceptive business practices.
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MILAN - The bankrupt Italian food group Parmalat said its special administrator Enrico Bondi has filed a US lawsuit against Bank of America.
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Parmalat, the bankrupt Italian dairy concern, sued its two former auditing firms for $10 billion in state court in Chicago on Wednesday, saying they should have detected the massive fraud that caused Parmalat to go under.
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Investors stung by the collapse of Parmalat have filed a class action lawsuit in a US court as they seek more than $8 billion in damages from the Italian food group&#39;s former management, banks and auditors.
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Italian dairy giant Parmalat SPA owes nearly $26 billion to creditors including many big international banks, a judge ruled Friday in a decision that will affect who will become a shareholder in the reorganized company.
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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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Banca Intesa Sanpaolo Group said on Saturday it agreed to pay 327 million euros ($469.9 million) to settle a lawsuit brought by Parmalat over the Italian dairy company's 2003 collapse.
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The bankrupt Italian food group Parmalat said its special administrator, Enico Bondi, has filed a US lawsuit against Bank of America reportedly claiming 10 billion dollars in damages and interest.
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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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Citigroup (CN: Quote, Profile, Research) on Friday launched a legal challenge against Parmalat&#39;s restructuring plan, hitting back after the bankrupt food group
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Investors stung by the collapse of  Parmalat have filed a class action lawsuit in a U.S. court as  they seek more than $8 billion in damages from the Italian food  group's former management, banks and auditors.
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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.