Judge Affirms His Jurisdiction In Parmalat Auditor Suits

Law360, New York (September 1, 2011, 2:18 PM EDT) -- A New York federal judge on Wednesday decided, for the second time, that it was within his purview to rule on two lawsuits against auditor Grant Thornton LLP in multidistrict litigation over the collapse of Italian dairy giant Parmalat SpA.

U.S. District Judge Lewis A. Kaplan found that he wasn't obliged to abstain from dismissing two lawsuits in a larger multidistrict litigation after the Second Circuit sent the cases back down to him for further consideration. The plaintiffs had argued that the Illinois state court from...
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