UPDATE 2-Citigroup hits back at Parmalat with court move
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Citigroup (CN: Quote, Profile, Research) on Friday launched a legal challenge against Parmalat&#39;s restructuring plan, hitting back after the bankrupt food group
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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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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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Parmalat's administrator Enrico Bondi will claim &quot;very substantial&quot; damages from the failed company's former executives and others in a Milan court hearing on October 5, the lawyer representing Bondi in the hearings said.
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nrico Bondi, chairman of Parmalat Finanziaria, has sued Credit Suisse First Boston, seeking to recover 248 million euros ($306.8 million) from a transaction done before Parmalat collapsed in December in Italy&#39;s biggest bankruptcy.
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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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Parmalat can be sued by shareholders in a suit involving the collapse of its predecessor,  a US judge rules.
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MILAN, Italy Oct. 5, 2004 - Two former auditors at Parmalat were ordered to stand trial for market rigging under a fast-track procedure, the first indictments since the massive fraud scandal at the Italian-based dairy giant.
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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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MILAN : A court in Milan opened preliminary hearings into the collapse of Italian food giant Parmalat and ordered two former auditors at the company to stand trial at the end of January.
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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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Several big international banks have won a legal bid for recognition of billions of euros owed to them by Parmalat, putting them in line
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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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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 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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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.