Monday, July 2, 2007

Parmalat must defend US investor class-action suit

(Reuters) - The ruling is a defeat for the Italian dairy company and
Chief Executive Enrico Bondi. Both have been trying to distance
themselves from prior management, and are seeking billions of
dollars of damages from the company's former bankers.




Parmalat had filed Europe's largest bankruptcy under about
14 billion euros of debt, after uncovering a 4
billion euro hole in its accounts.


Read more at Reuters.com Bonds News

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