Parmalat CEO Wants $1B BofA Suit Bounced

Law360, New York (May 12, 2006, 12:00 AM EDT) -- Two months after a federal judge cleared the way for Bank of America Corp.’s countersuit against Parmalat Finanziara SpA to proceed, the embattled Italian dairy giant’s chief executive has asked the court once again to toss out the bank's $1 billion damages claim.

On Thursday, Enrico Bondi pleaded with U.S. District Judge Lewis A. Kaplan to dismiss the bank’s countersuit, contending that Bank of America had not sufficiently proven that it suffered an economic loss or demonstrated wrongdoing by the bulk of counter-defendants.

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