Credit Suisse Defends Settlement In Parmalat Case

Law360, New York (July 18, 2007, 12:00 AM EDT) -- Investment bank Credit Suisse has accused a group of financial services firms embroiled in the Parmalat securities fraud action of trying to scuttle a partial settlement in a transparent bid to block class certification.

In a reply to the objections by a slew of firms, including Bank of America, Citigroup and Grant Thornton LLP, to the lead plaintiffs' motion for final court approval of a deal with Credit Suisse and Banca Nazionale del Lavaro, the firm claims the non-settling defendants lack standing to object, and objected...
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