Deloitte, Grant Thornton To Settle Parmalat Suit

Law360, New York (November 19, 2009, 4:32 PM EST) -- 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, register now.