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Judge OKs Credit Suisse Deal In Parmalat Case

Law360 (July 20, 2007, 12:00 AM EDT) -- Overruling objections from a slew of financial services firms, a judge has given the green light to a $50 million partial settlement between investment bank Credit Suisse and Italy's Banca Nazionale del Lavoro SpA in the Parmalat securities fraud action.

In a sparsely worded order issued Thursday, U.S. District Judge Lewis A. Kaplan granted the class counsels' motion for reimbursement of expenses from the deal, giving no further elaboration on the decision.

Under the terms of the deal, which resolves certain claims filed by the Italian...
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