The sale of a bankrupt lawn and garden company's assets should bear fruit for lenders, who are expecting a payout from the more than $60 million earned from the sale.
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.
World Trade Organization Chief Pascal Lamy warned trade ministers Tuesday that they need to wrap up a deal meant to reduce farm subsidies and tariffs on farm and industrial goods, setting a deadline for the end of June.
In a blow to Archer Daniels Midland Co., the European Union’s highest court has upheld a €43.9 million fine against the U.S. agricultural giant related to the price-fixing of certain animal feed ingredients.
Two Canadian lumber-industry organizations are taking legal action in the United States to enforce a ruling under the North American Free Trade Agreement (NAFTA) that cleared Canada of unfairly subsidizing its softwood industry.
A closely watched rematch between the U.S. Department of Justice and the Dairy Farmers of America has been delayed until the winter, the DOJ said.
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.
In a blow to biotechnology giant Monsanto Co., a federal Delaware judge has ruled in favor of Swiss archrival Syngenta AG in a long-standing brawl over the rights to an herbicide-resistant type of genetically modified corn.
Two potential buyers are jockeying for position in hopes of acquiring the assets of bankrupt lawn and garden care product manufacturer Easy Gardener Products Ltd., and one is offering the debtor’s estate almost $2 million in “savings.”
A week after winning court permission to borrow on its debtor-in-possession loan, bankrupt Easy Gardener Products Ltd. is seeking approval to hire Houlihan Lokey Howard & Zukin Capital Inc. as its financial adviser.
Solutia Inc., a maker of glass products, nylon and other specialty products, was granted a six-month extension of its exclusive right to file a Chapter 11 plan on Thursday. The decision will help the company stave off the threat of a group of noteholders filing a rival plan.
Cash-strapped Easy Gardener Products Ltd. got an infusion of capital last week when a federal bankruptcy judge conditionally approved its plan to borrow on its debtor-in-possession loan, in a ruling that allayed its proposed buyer's concerns about the lawn and garden product maker’s liquidity.
In the wake of Italy’s highest court upholding a controversial “clawback” law, Parmalat SpA has sued Capitalia SpA for €4.5 billion in damages for its alleged role in the Italian food and dairy giant’s scandal-ridden collapse.
ConAgra Foods Inc., one of the largest food manufacturers in North America, has filed a patent infringement lawsuit against rival distributor Michael Foods to protect its popular egg-substitute product.
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.