Citigroup mounts Parmalat legal challenge
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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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Parmalat&#39;s government-appointed administrator sued Bank of America Corp. on Thursday, alleging that the bank helped executives at the dairy company hide debt and conceal its insolvency from investors.
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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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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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(AGI) - Milan, Italy, Oct. 5 - A preliminary court hearing in the Parmalat case was held today. Judge Tacconi scheduled the next hearing on October 29.
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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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Parmalat, the bankrupt Italian dairy and food company, is suing two of its former auditors, claiming damages of at least $10 billion.
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A preliminary court hearing against top executives of the failed Italian food giant Parmalat opens Tuesday with its new administrator expected to claim major damages against the accused.
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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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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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Citigroup said Friday it has filed a suit in an Italian court complaining it has been treated unfairly by Parmalat's new administration following the dairy giant's collapse.
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Grant Thornton and Bank of America have filed motions in a New York court to remove a US injunction stopping them counter-suing insolvent Italian dairy group Parmalat, which has sued each for $10 billion.
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17/12/2004 - Enrico Bondi, the governmentâappointed special administrator of bankrupt Italian dairy group Parmalat, is set to sue a number of Italian financial groups in an attempt to stifle mounting criticism that he has given preferential treatment to
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Parmalat issues proceedings against its ex-auditors over their dealings with the insolvent group before its near collapse
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Shareholders in stricken Italian food group Parmalat sue the firm's former managers, banks and auditors.
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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 of Citigroup's claim of a 538 million euro debt.
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LONDON Parmalat, the Italian dairy giant, has shown &quot;stark and illegitimate discrimination&quot; against non-Italian banks in formulating a plan that is crucial to its bankruptcy reorganization, Citigroup has said.