Citigroup challenges Parmalat reorganization, says it is victim
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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 sues 45 banks as it tries to reclaim money paid to banks before the scandal-hit Italian dairy company went bust last year.
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Parmalat sued its former banker Morgan  Stanley MWD.N on Tuesday in a bid to recover 135.7 million  euros ($177 million), part of efforts to recover funds from  banks that arranged debt transactions for it in the months  leading up to its insolvency in December 2003.
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MILAN, Aug 18  - Parmalat sued its former auditors Deloitte &amp; Touche and Grant Thornton on Wednesday, broadening a legal battle to claw back billions of euros from ex-allies the food group says helped drive it into ...
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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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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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The inside story of Parmalat, the biggest, most brazen corporate fraud in European history
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Parmalat SpA is suing 45 financial institutions to try to claw back money lost in the runup to its crash a year ago, the Italian dairy giant said Thursday.
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A hearing into the collapse of food firm Parmalat, Italy's biggest ever corporate scandal, begins on Tuesday.
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Citigroup has sued Italian governmental authorities overseeing the Parmalat restructuring, arguing that their formula for paying off debt âtramplesâ creditorsâ and investorsâ rights.
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Citigroup was sued this week by a group of institutional investors that contend the bank defrauded them in selling $2.4 billion of notes linked to the creditworthiness of the Enron Corporation.
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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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Shareholders in stricken Italian food group Parmalat sue the firm's former managers, banks and auditors.
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CHICAGO Italian dairy company Parmalat today filed a ten (B) billion dollar lawsuit against two auditors it accuses of overlooking fraud that nearly led to the company&#39;s downfall.
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THE bankrupt Italian food group Parmalat said today its special administrator Enrico Bondi has filed a US lawsuit against Bank of America.
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Citigroup, the world&#39;s biggest bank, yesterday issued an humiliating apology to its staff after a bond trading coup in August that sparked investigations by regulators across Europe.
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LONDON, August 18 (New Ratings)  The insolvent Italian dairy food product company, Parmalat Finanziaria SpA (PAF.FSE), filed a lawsuit against its former auditors, Deloitte &amp; Touche and Grant Thornton, today, seeking damages of at least $10 billion.