Parmalat Claims Against Ex-CEO Approved

Law360, New York (June 18, 2008, 12:00 AM EDT) -- Parmalat SpA reportedly received an Italian judge's approval Wednesday to pursue claims for damages in a criminal trial against a group of former executives.

Judge Eleonora Fiengo, in the Italian town of Parma, affirmed current Parmalat Chief Executive Enrico Bondi's request for compensation in a case in which the company's founder, Calisto Tanzi, and 23 former executives stand accused of fraudulent bankruptcy and criminal association, Dow Jones News reported on Wednesday.

Judge Fiengo also decided to allow about 36,000 individual investors to seek compensation for their...
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