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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.