Judge Says Parmalat Can't Unify Cases

Law360, New York (January 31, 2007, 12:00 AM EST) -- An Italian judge on Wednesday said he would not let Parmalat SpA consolidate three lawsuits against the dairy company and its subsidiaries into a case that would have brought as many as 100 defendants into one trial.

Judge Domenico Truppa sided with prosecutors who argued a single trial would have slowed down the main criminal proceedings against Calisto Tanzi, Parmalat’s founder and one-time chief executive, according to news reports.

Parmalat, however, claimed that a single trial would have sped the process along and allowed the company’s...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.