Parmalat To Get $97M From Settlements
Merrill Lynch has agreed to pay Parmalat more than €29 million to settle all outstanding claims stemming from Parmalat's insolvency. Parmalat also announced that ING Bank will cough up €8 million, and Banca Monte Parma S.p.A. will shell out €35 million, to settle “revocatory actions” filed by Parmalat.
Paramalat said that the settlements will lay the groundwork for fruitful relationships with Merrill, ING,...
To view the full article, register now.