Food & Beverage

  • April 5, 2006

    Italian Court Upholds Parmalat “Clawback” Law

    Aiding Parmalat SpA’s recovery from a massive accounting fraud scandal, Italy's highest court has upheld a controversial law allowing the food and dairy conglomerate to pursue up to €7.5 billion in claims against former bank creditors.

  • March 7, 2006

    Argentina Bids For E.U. Help In Monsanto Roundup Row

    A long-running feud between biotech giant Monsanto Co. and Argentina over royalty payments on genetically modified Roundup Ready soybeans has reached a boiling point, prompting the country to solicit intervention by the European Commission.

  • March 7, 2006

    Lumber Companies Allege Strand Board Conspiracy

    Several class action suits have been filed against North American producers of oriented strand board, with wholesale lumber companies lobbing allegations of conspiracy and price fixing at the strand board makers.

  • February 28, 2006

    Creditors Aware Of Fraud, Parmalat CEO Testifies

    Alleging breach of fiduciary duty, Parmalat SpA’s new chief executive testified that the dairy giant’s former financial partners were aware of the company’s financial state well before the massive financial scandal broke.

  • February 22, 2006

    Fiat Subpoenaed As SEC Widens Oil-For-Food Probe

    Struggling to determine if any wrongdoing occurred on U.S. soil, the U.S. Securities and Exchange Commission is pressing onward with its own investigation into the scandal surrounding the United Nations’ Iraq Oil-for-Food program, issuing its latest subpoena to Italian auto giant, Fiat SpA.

  • February 3, 2006

    Parmalat’s $10B Suit V. Bank of America To Proceed

    In a blow to Bank of America, a federal judge has given Parmalat SpA the green light to proceed with a $10 billion lawsuit against the bank, part of the vast array of litigation undertaken by the Italian dairy giant’s new management in the wake of its 2003 collapse.

  • February 1, 2006

    Bank of America Shifts Parmalat Suit to NYC

    Caught in the cyclone of litigation surrounding Italian dairy giant Parmalat’s collapse, Bank of America, a defendant in one of the lawsuits, has been allowed to transfer its case from North Carolina Superior Court to a New York district court.

  • January 17, 2006

    Parmalat Founder Submits Guilty Plea

    Attempting to escape jail time, the founder of Italian dairy giant Parmalat SPA has offered to plead guilty and cooperate in hopes of receiving a lesser sentence for his alleged part in the financial scandal dubbed as “Europe’s Enron.”

  • January 11, 2006

    Italian Official Implicated in Parmalat Scandal

    Alleging high-level corruption, Italian judges have requested the country's Minister of Agriculture be formally investigated due to his possible involvement in the financial scandal at dairy-food company Parmalat SpA.

  • January 4, 2006

    Prosecutors to Clear Lehman in Parmalat Case: Report

    In a significant victory for Lehman Brothers, prosecutors investigating the Parmalat financial scandal have credited the Wall Street powerhouse with helping to blow the whistle on the Italian dairy giant’s dubious accounting, according to a published report.

  • January 4, 2006

    European Union Buckles To U.S. On Regional Brands

    The European Union has caved in under pressure from the U.S. and Australia to simplify its registration procedure for foreign agricultural products after a protracted food fight over geographic indications.

  • January 2, 2006

    Patent Suits Break Decade-Old Trend, Drop In '05

    2005 was a big year for intellectual property lawsuits, with combined patent, copyright and trademark cases jumping 14% over 2004, according to a survey conducted by IP Law Bulletin. But behind those numbers is a surprising trend: patent litigation is on the decline in the U.S., while copyright litigation is exploding thanks to aggressive enforcement actions by the entertainment industry.

  • December 22, 2005

    Dow Chemical Prevails In Canola Patent Challenge

    Cargill Inc.’s patent challenge against Dow Chemical Co. deflated once again in federal court after a jury found Cargill had withheld information from the U.S. Patent and Trademark Office.

  • December 20, 2005

    In Blow To Parmalat, BofA Named As Plaintiff

    Bank of America has been admitted as a civil plaintiff in the Italian fraud trial of dairy and juice company Parmalat Inc. The surprising turnaround allows the lender to portray itself as victim after being accused of fraud in the food giant’s collapse.

  • November 22, 2005

    Jury Favors Monsanto In Patent Dispute With Bayer

    A jury has ruled in favor of Monsanto Co. in the company’s patent dispute with rival Bayer CropScience over an insect-protection technology for corn.

  • November 14, 2005

    Bank of America Asks Judge To Toss Parmalat Suits

    Two lawsuits brought against Bank of America by the chief executive and shareholders of Italy’s Parmalat should be dismissed, a lawyer for the bank argued Monday at a hearing before a judge with the U.S. District Court for the Southern District of New York.

  • October 5, 2005

    Parmalat Sues First Boston For $8.45 Billion

    Embattled Italian dairy products maker Parmalat has filed a lawsuit against Credit Suisse First Boston, alleging that the investment bank arranged a transaction for Parmalat that allowed the company to camouflage billions of euros in losses.

  • September 26, 2005

    Caterpillar Loses Patent Fight Over Diesel-Engine Technology

    In a second defeat for Caterpillar Inc., the U.S. Patent and Trademark Office has once again sided with an inventor who took on the heavy-equipment maker’s recently awarded patent for diesel-engine technology worth billions of dollars.

  • September 16, 2005

    E.U., U.S. Settle 20-Year Dispute Over Wine Labeling

    The European Commission and the U.S. government have settled a 20-year-old squabble over the use on wine labels of terms such as Burgundy, champagne, Chablis, Chianti, Madeira, Malaga, port, sherry and tokay.

  • April 8, 2005

    European Patent Office Upholds Monsanto's Roundup Patent

    In a decision that could have wide repercussions for farmers around the world, the European Patent Office has ruled that Monsanto Co. has the right to patent herbicide-resistant seeds in Europe.