Parmalat files US lawsuit against Bank of America
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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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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 ...
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American Express said it was suing Visa USA and MasterCard International, along with eight banks, for damages stemming from anticompetitive practices that prevented American Express from issuing cards through US banks.
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Citigroup said it launched a legal challenge against Italian authorities responsible for Parmalat&#39;s restructuring, alleging they failed to ensure a fair process for
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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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Citigroup (CN: Quote, Profile, Research) on Friday launched a legal challenge against a restructuring plan drawn up by Parmalat, hitting back after the bankrupt food group took the world&#39;s biggest bank to court recently.
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Citigroup sued Italy on Friday, claiming that the government appointee who runs the bankrupt Parmalat would unfairly pay only 2 million euros (US$2.48 million) of Citigroup's claim of a 538 million euro debt.
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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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Bank sues Wall Street firm Bear Stearns for fraud and deception over loss of hundreds of millions of dollars
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Parmalat can be sued by shareholders in a suit involving the collapse of its predecessor,  a US judge rules.
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Citigroup on Friday launched a legal challenge against a restructuring plan drawn up by Parmalat, hitting back after the bankrupt food group took the world&#39;s biggest bank to court recently.
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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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Prosecutors in Milan have added four banks and an Italian bank's asset management arm to their investigation into the collapse of Italian dairy giant Parmalat, news reports said Thursday.
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11/10/2004 - Citigroup, the worldâs largest financial services group, hits back at the â¬14 billion debt-ridden Italian dairy group Parmalat, igniting a legal challenge against the administrators on Friday.
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Parmalat, the Italian food and dairy giant, has filed another civil lawsuit against a major financial institution, contending that managers at Bank of America helped structure a series of transactions that allowed more than $10 billion to be &quot;diverted
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American Express Co. said Monday it was suing rivals Visa and MasterCard for blocking the sale of its credit cards through US banks.
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Citigroup sued Italy on Friday, claiming that the government appointee who runs the bankrupt Parmalat would unfairly pay only 2 million euros (US$2.