Parmalat’s $10B Suit V. Bank of America To Proceed

Law360, New York (February 3, 2006, 12:00 AM EST) -- In a blow to Bank of America, a federal judge has given Parmalat SpA the green light to proceed with a $10 billion lawsuit against the bank, part of the vast array of litigation undertaken by the Italian dairy giant’s new management in the wake of its 2003 collapse.

Judge Lewis Kaplan of the U.S. District Court in Manhattan ruled earlier this week that Parmalat’s Chief Executive Enrico Bondi could move forward in pressing his case against Bank of America in charges related to three financial...
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