Bank of America Asks Judge To Toss Parmalat Suits

Law360, New York (November 14, 2005, 12:00 AM EST) -- Two lawsuits brought against Bank of America by the chief executive and shareholders of Italy’s Parmalat should be dismissed, a lawyer for the bank argued Monday at a hearing before a judge with the U.S. District Court for the Southern District of New York.

Amended complaints brought separately by new Parmalat Chief Executive Enrico Bondi and a group of shareholders shouldn't be allowed to proceed because the alleged fraud was conducted by Parmalat insiders on Parmalat's behalf, Joseph B. Tompkins Jr., a partner with Sidley Austin...
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