Judge Finalizes Settlement In Parmalat Case

Law360, New York (February 20, 2007, 12:00 AM EST) -- A federal judge finalized a settlement agreement between Deloitte & Touche and bankrupt Italian dairy company Parmalat SpA Tuesday, ordering Deloitte to make an initial payment of $130 million no later than Friday.

Deloitte Italy last month agreed to settle allegations that it contributed to Parmalat’s collapse for $149 million.

"Both Parmalat SpA and Deloitte & Touche SpA express their satisfaction at the settlement which will set in place the conditions for a mutually beneficial future relationship," a joint statement by the two companies said at...
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