Deloitte, Grant Thornton To Settle Parmalat Suit

By Abigail Rubenstein

Law360, New York (November 19, 2009, 4:32 PM ET) -- Deloitte Touche Tohmatsu and Grant Thornton International have agreed to cough up $15 million to settle with a class of Parmalat SpA stockholders in a suit stemming from the Italian dairy giant's collapse.

The lead plaintiffs for a certified class of Parmalat stockholders filed a motion asking the court to preliminarily approve the settlement Thursday in the U.S. District Court for the Southern District of New York.

The class of securities holders will net $15 million if the settlement is approved by U.S. District Judge Lewis...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles