An Italian court in Milan on Monday acquitted four banks charged with failing to have adequate steps to prevent the 2003 Parmalat SpA dairy empire crash. Parmalat collapsed under 14 billion euros in debt...
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Italy court convicts former Parmalat owner over fraudulent bankruptcy
A court in the Italian town of Parma on Thursday convicted the founder and former chief executive of dairy giant Parmalat SpA , Calisto Tanzi , for the company's fraudulent bankruptcy, sentencing him to...
The US Securities and Exchange Commission (SEC) on Monday charged Bank of America with misleading investors regarding billions of dollars paid to Merrill Lynch executives during the acquisition of the firm....
Bank of America (BOA) announced Tuesday that it has reached a settlement with Parmalat SpA in litigation stemming from the 2003 collapse of the Italian dairy giant. Under the terms...
Parmalat founder sentenced to 10 years for role in fraud scheme
An Italian court in Milan Thursday sentenced Parmalat SpA founder Calisto Tanzi to 10 years in prison for his role in the collapse of the Italian dairy giant. Tanzi is the first...
Parmalat reaches settlement with shareholders in securities fraud claim
Italian dairy giant Parmalat SpA Friday reached a settlement with shareholders, agreeing to issue 10.5 million shares of stock, valued at almost 24 million euros, to satisfy a securities fraud class...
A New Jersey Superior Court judge ruled Tuesday that a $7 billion lawsuit filed by Italian dairy giant Parmalat SpA against Citigroup could go forward on a claim that Citigroup aided...
Italy judge indicts Parmalat founder, former executives on fraud charges
An Italian judge Wednesday indicted approximately 20 former Parmalat SpA executives, including founder Calisto Tanzi and former CFO Fausto Tonna , for their role in the collapse of the Italian dairy...
Italy judge charges four banks in connection with Parmalat collapse
Citigroup, UBS, Morgan Stanley, and Deutsche Bank were charged Wednesday in Milan in connection with the collapse of Italian dairy giant Parmalat SpA . Judge Cesare Tacconi issued the indictments accusing the banks...
Playing By the Rules: A New Strategy for Corporate Prosecutors
JURIST Contributing Editor Nancy Rapoport of the University of Houston Law Center says that new instructions to federal prosecutors not to demand privileged documents as a means of inducing corporate co-operation with investigations may help preserve useful corporate structures while...