Parmalat Sues Ex-Auditors in Chicago
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Parmalat sued its former auditors  Deloitte & 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 insolvency.
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Parmalat is suing its former auditors Deloitte &amp; Touche and Grant Thornton, claiming damages of &quot;at least $10 billion&quot; and broadening a legal battle to claw back funds from financial partners which it says ...
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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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MILAN Ten months after the collapse of Parmalat, the Italian dairy and food giant, a preliminary hearing was held here on Tuesday to determine whether to indict 29 people and three companies in one of the country&#39;s biggest financial scandals.
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A judge opened hearings on Tuesday into the 14-billion-euro collapse of Parmalat and immediately ruled that two former auditors of the Italian
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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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The accounting firm filed court papers seeking compensation from the former employees.
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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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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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MILAN, Italy Oct. 5, 2004 - Two former auditors at Parmalat were ordered to stand trial for false accounting and market rigging under a fast-track procedure, the first indictments since the masssive fraud scandal at the Italian-based dairy giant.
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MILAN, Italy - Bank of America Corp. said Friday it had filed for damages against former officials and auditors of collapsed dairy giant Parmalat at a preliminary hearing in Milan, as the bank attempts to avoid blame in the massive fraud scandal.
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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.
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Trial began Thursday for two of Parmalat SpA's former auditors, the first since the massive fraud scandal at the dairy giant unfolded just over a year ago.
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Citigroup launched a legal challenge  against Parmalat's restructuring plan on Friday, hitting back  after the insolvent food group rejected its claims for credit  repayment and sued the bank for damages.
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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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Two former Parmalat auditors have been ordered to stand trial for market rigging under a fast-track procedure. These are the first indictments since the massive fraud scandal at the Italian dairy giant.
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Parmalat&#39;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