Auditor's Spoliation Claims Nixed In Parmalat MDL

Law360, New York (May 5, 2009, 12:00 AM EDT) -- The judge overseeing securities litigation against Parmalat SpA has tossed counterclaims by auditor Grant Thornton LLP alleging that employees of the Italian dairy giant destroyed evidence in the days leading up to and following the appointment of Enrico Bondi as CEO in 2003.

Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York issued an order Monday granting Bondi's motion to dismiss Grant Thornton's claims of spoliation of evidence, ruling that the firm had failed to allege actual injury resulting from...
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