Parmalat Sues 45 Banks to Recover $4 Billion
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Parmalat, the bankrupt Italian dairy and food company, sued 45 banks on Thursday seeking to recover money it paid to them in the year before the company&#39;s collapse.
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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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Bank of America Corp. , the second-biggest US bank by market value, said it lost $450 million when dairy company Parmalat SpA collapsed in 2003 in Italy's biggest bankruptcy.
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Bank of America and audit firm Grant Thornton take legal action against insolvent Italian food group Parmalat.
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ROME  - Parmalat's government-appointed administrator filed a suit against Bank of America in federal court in North Carolina on Thursday, seeking billions of dollars in damages over past dealings, the scandal-stung dairy giant said.
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Parmalat, the food group at the centre of one of Europe's most painful scandals, reports a surge in profits.
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An Italian judge indicts four international banks t over their involvement in the 2003 failure of dairy firm Parmalat.
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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 ...
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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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The inside story of Parmalat, the biggest, most brazen corporate fraud in European history
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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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Four international banks were indicted in Milan Wednesday on charges related to the 2003 failure of the Parmalat dairy empire, Europe's largest corporate bankruptcy.
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Grant Thornton and Bank of America have  filed motions in a New York court to remove a U.S. injunction  stopping them counter-suing insolvent Italian dairy group  Parmalat, which has sued each for $10 billion.
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Parmalat's ex-auditors are sued over their dealings with the insolvent group before its near collapse
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Parmalat has sued 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 Finanziaria SpA Chairman Enrico Bondi sued Bank of America Corp., seeking to recover more than $10 billion that he said was "diverted, squandered or taken" from the foodmaker, which filed Italy'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.