DTT Denied Interlocutory Appeal In Parmalat Case

Law360, New York (March 2, 2009, 12:00 AM EST) -- A judge has squashed the hopes of Deloitte Touche Tohmatsu and its U.S. subsidiary for an interlocutory appeal in a securities fraud class action against bankrupt Italian dairy giant Parmalat SpA and its financial and accounting advisers.

Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York issued a firm ruling Monday denying DTT’s motion to certify an interlocutory appeal despite the global auditing firm’s argument that it did not “culpably participat[e]” in the alleged auditing violations by Deloitte Italy, one...
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