Parmalat sues 45 banks over crash
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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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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 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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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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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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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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The bankrupt Italian food group Parmalat said its special administrator Enrico Bondi has filed a US lawsuit against Bank of America.
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(AGI) - Rome, 15 Dec - The special commissioner for Parmalat Enrico Bondi is ready &quot;to present over the next few days legal action seeking to recover over a billion dollars from dozens of Italian banks which aided the company&#39;s finances before its
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A preliminary court hearing into the collapse of food firm Parmalat, Italy's biggest ever corporate scandal, begins on Tuesday.
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Parmalat, the bankrupt Italian dairy and food company, is suing two of its former auditors, claiming damages of at least $10 billion.
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MILAN, Aug 19  - Parmalat on Thursday fired off the latest lawsuit in its bid to recover billions of euros from banks that did deals with the now insolvent dairy group, saying it had sued CSFB for ...
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MILAN: A judge on Tuesday began preliminary hearings into the 14 billion euro ($NZ26 billion) collapse of Parmalat that could lead to one of the biggest trials in Italian corporate history involving the dairy group&#39;s former executives, bankers and auditors
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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 massive fraud scandal.
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A judge launched court hearings into the &#36;17.2 billion collapse of Parmalat on Tuesday and immediately ruled that the first two of the 32 accused in one of Europe's biggest fraud cases would stand trial.
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Citigroup on Friday launched a legal  challenge against Parmalat's restructuring plan, hitting back  after the bankrupt food group took the world's biggest bank to  court and rejected its claims for credit repayment.
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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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Parmalat's administrators file a multi-billion dollar lawsuit against Bank of America, claiming damages over the food giant's collapse.