Parmalat sues auditors for $10bn
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Parmalat, the Italian food company that went bankrupt after a crippling financial scandal, last night sued outside auditors Grant Thornton and Deloitte &amp; Touche, seeking $10bn (£5.5bn) in damages.
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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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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, the bankrupt Italian food company, is suing outside auditors Grant Thornton and Deloitte &amp; Touche, seeking £5.5 billion in damages.
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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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Accounting firm KPMG will pay $10 million to settle charges of improper professional conduct while acting as auditor for Gemstar-TV Guide International.
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Parmalat, the bankrupt Italian dairy concern, sued its two former auditing firms for $10 billion in state court in Chicago on Wednesday, saying they should have detected the massive fraud that caused Parmalat to go under.
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Top executives and legal representatives from Parmalat and a swathe of leading financial institutions associated with Europe's biggest financial scandal went before a judge at a preliminary hearing into massive fraud allegations.
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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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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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Bank of America and audit firm Grant Thornton take legal action against insolvent Italian food group Parmalat.
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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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A hearing into the collapse of food firm Parmalat, Italy's biggest ever corporate scandal, begins on Tuesday.
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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 company.
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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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Italian dairy company Parmalat sued Grant Thornton International and Deloitte Touche Tohmatsu for &#36;10 billion on Wednesday, saying the auditors overlooked fraud and looting that nearly led to the company's downfall.
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Investors stung by the collapse of  Parmalat have filed a class action lawsuit in a U.S. court as  they seek more than $8 billion in damages from the Italian food  group's former management, banks and auditors.