New Parmalat Liable For Old Parmalat Suits: 2nd Circ.

Law360 (July 22, 2008, 12:00 AM EDT) -- The newly reorganized Parmalat SpA has lost its bid to enjoin shareholders from bringing class actions against it in U.S. courts, after an appeals court refused to grant the dairy giant's motion to overturn a lower court ruling.

In a ruling handed down on Tuesday, the U.S. Court of Appeals for the Second Circuit refused to grant Parmalat's motion to enjoin actions brought against the Italian company in U.S. courts, finding that the U.S. District Court for the Southern District of New York had in its...
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