Parmalat Investors Notified Of $50M Settlement

Law360, New York (March 22, 2007, 12:00 AM EDT) -- Investors in Italian dairy giant Parmalat SPA may soon reap the benefits of their shareholder lawsuit, after a district court initiated the notification process for class members entitled to receive part of the $50 million partial settlement reached in the case.

On Thursday, the U.S. District Court for the Southern District of New York approved the commencement of a multi-national notification program to alert eligible investors about creation of a fund for the $50 million settlement reached with Banca Nazionale del Lavoro and Credit Suisse....
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