Parmalat Milks Court For More Time

Law360, New York (June 2, 2006, 12:00 AM EDT) -- Still trying to recover from the massive accounting fraud dubbed “Europe’s Enron,” Italian dairy conglomerate Parmalat Finanziaria SpA has scored a four-month extension of a U.S. court protection order against its creditors.

The food and dairy giant revealed the news on Friday, announcing that the temporary protective order had been pushed back to Sept. 12.

At that time, a new hearing will be held to determine whether the temporary measure should be converted into a permanent protection order, according to a statement released by Parmalat....
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