We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Italian High Court OKs Parmalat Suits

Law360 (January 5, 2007, 12:00 AM EST) -- Italy’s highest court has upheld the controversial law that allowed Parmalat to sue underwriters and auditors for failing to prevent the multibillion-dollar fraud that eventually sent the company into bankruptcy.

The Constitutional Court ruled that Parmalat may pursue claims against banks Sanpaolo IMI SpA, Banca Popolare dell'Etruria e del Lazio, Banca Popolare di Cremona, Banco di Brescia San Paolo CAB, Banca Carige SpA, Credit Suisse, Unipol Banca, and Cassa di Risparmio di Pisa.

Parmalat has filed lawsuits against the financial institutions seeking refunds for loan payments...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.