Judge Approves Settlement Class In Parmalat Case

Law360, New York (July 3, 2008, 12:00 AM EDT) -- A district court judge has clarified the terms of the $40 million settlement reached in the class action against Italian dairy giant Parmalat SpA, defining a settlement class and scheduling a settlement hearing.

In an order handed down on July 2, Judge Lewis Kaplan of the the U.S. District Court for the Southern District of New York certified a settlement class composed of shareholders who purchased Parmalat stock between Jan. 5, 1999, and Dec. 18, 2003. Judge Kaplan stipulated that the settlement class excludes Parmalat; all...
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