US judge directs financial institutions to settle with Parmalat
Judge Lewis A. Kaplan of the US District Court for the Southern District of New York has asked that the financial institutions being sued by and counter-suing bankrupt Italian dairy giant Parmalat SpA [corporate website; JURIST news...
Judge allows Bank of America to pursue counterclaim against Parmalat
Judge Lewis A. Kaplan of the US District Court for the Southern District of New York has ruled that Bank of America may proceed with a counterclaim for damages of over $1 billion...
The trial of 16 former Parmalat directors and executives, including the company's founder and former chairman Calisto Tanzi , is set to open in Milan Wednesday, nearly two years after massive accounting...
Federal judge allows Parmalat suit against Bank of America to proceed
Judge Lewis A. Kaplan of the US District Court for the Southern District of New York has ruled that Parmalat can proceed with its lawsuit against Bank of America though he dismissed most...
Corporations and securities brief ~ Spitzer to retry fraud charges against Sihpol
Leading Thursday's corporations and securities law news, New York Attorney General Eliot Spitzer will retry ex-Bank of America broker Theodore Sihpol. Sihpol was acquitted on 29 counts of fraud-related charges last month , but the jury...
A Milan judge Tuesday sentenced 11 men to up to two and a half years in jail for their roles in one of Europe's biggest financial scandals, the 2003 collapse of Parmalat . Based...
Former CEO of Italian Parmalat ordered to stand trial for fraud
An Italian judge ruled Saturday that Calisto Tanzi , founder and CEO of Italian dairy and juice company Parmalat , will stand trial in the $18 billion fraud case that caused the company's downfall. Parmalat Finanziaria SpA admitted...
Corporations and securities brief ~ Morgan Stanley, Parmalat settle
Leading Thursday's corporations and securities law news, Morgan Stanley has settled with stumbling Italian dairy giant Parmalat . Parmalat sued Morgan Stanley in February to recoup money Parmalat gave to Morgan Stanley shortly before the food...
Corporations and securities brief ~ EC threatens Microsoft with sanctions
Leading Friday's corporations and securities law news, the European Commission (EC) said Microsoft has failed to deliver on its commitment to comply with sanctions related to violations of European antitrust rules [JURIST Hot Topic news...
Corporations & securities brief ~ First Parmalat trial begins
Leading Thursday's corporations and securities brief,The trial of two former Parmalat auditors, Maurizio Bianchi and Lorenzo Penca, who both worked for auditing firm Grant Thornton, began today in Milan, Italy. This is the first trial since the...
