Regulators End J.P. Morgan Probe In Parmalat Case

Law360 (May 9, 2006, 12:00 AM EDT) -- Italian investigators have completed their probe into investment bank J.P. Morgan Chase’s role in the collapse of dairy giant Parmalat, an inquest that has resulted in allegations of fraudulent bankruptcy levied against two former J.P. Morgan managers and one current employee.

The investigation, kicked off after in 2003 after a massive accounting fraud scandal caused Parmalat’s spectacular downfall, was launched to determine the extent to which J.P. Morgan and other banks hastened the company’s bankruptcy.

After examining practices at the bank, regulators turned their attention to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.