Parmalat Spa

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• Parmalat must pay Citi $364m in damages

  - 2008-10-21

  Business in brief DAIRY Parmalat has been ordered to pay Citigroup $364m (212m) in damages, after a New Jersey state court jury found the bank did not aid executives in looting the Italian dairy company before its collapse in 2003. Parmalat SpA had been seeking $1.92bn in...

  Tags: Citigroup Inc., Parmalat Spa

• International: securities suits hit foreign registrants.(businessBRIEFS)

  - 2004-11-01

  The long arm of the lawyer is reaching overseas regularly these days. And while the actual number of class-action suits against foreign firms registered in the U.S. fell last year, those numbers are rising again, thanks to ongoing accounting scandals involving companies like Ahold NV, the...

  Tags: Parmalat Spa, PricewaterhouseCoopers LLP

• Risk Management: Banks Looking for Europe Oasis Find More Risk

  - 2004-04-01

  U.S. banks could be facing a new level of risk these days as the economy continues to globalize and prompts new lending relationships from various parts of the globe. Money-center banks and many corporate borrowers continue to push into overseas markets with the upshot that banks are providing an...

  Tags: Parmalat Spa

• Parmalat Aust future secure.

  - 2004-04-01

  Apr 01, 2004 (Retail World - ABIX via COMTEX) Parmalat Australia is to be retained in a global restructure of its parent company Parmalat SpA. The plan for the restructure has been approved by the Italian Government-appointed administrator for the global entity, Enrico...

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• Alpura and Lala express interest in Parmalat assets.

  - 2004-04-01

  MEXICO CITY, Mar 31, 2004 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Dairy companies Alpura and Lala have both expressed interest in acquiring the assets of the Italian firm Parmalat's domestic subsidiary in Parmalat Mexico. Nevertheless, the two will wait until the conditions...

  Tags: Internet Securities Inc., Lala, Parmalat Spa

• Parmalat Mexico up for sale.

  - 2004-03-30

  MEXICO CITY, Mar 30, 2004 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- The Mexican subsidiary of Parmalat yesterday announced its split from Parmalat SPA through the sale of assets in Mexico. The measure is taken in the framework of the restructure process started...

  Tags: Internet Securities Inc., Parmalat Spa

• Scandal Spills Onto U.S. Shores

  - 2004-03-01

  Parmalat USA files for bankruptcy, promises to pay dairy producers.After months of scandal at Italian dairy giant Parmalat SpA, three of its U.S. affiliates followed its parent company's lead and filed for Chapter 11 bankruptcy in late February.Parmalat USA Corp., Newark. N.J.; Farmland Dairies LLC, Wallington, N.J.; and Milk Products...

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• Evidence of Destroyed Documents at Dairy Giant

  - 2004-03-01

  Global dairy giant Parmalat SpA is in trouble over allegations of document destruction, forged signatures, and fictional finances.The Italian company's founder, Calisto Tanzi, was arrested on allegation of fraudulent bankruptcy and is under investigation for misappropriating $994 million over the years as well as ordering employees to destroy files to...

  Tags: Parmalat Spa

• Italian dairy giant Parmalat's woes in its native country have finally caught up with its U.S. arm, Parmalat USA.(Flash! Frozen)(Brief Article)

  - 2004-03-01

  Italian dairy giant Parmalat's woes in its native country have finally caught up with its U.S. arm, Parmalat USA. In late February, Parmalat SpA filed for Chapter 11 bankruptcy protection for its U.S. businesses, and said it would sell them off in order to pay its debts....

  Tags: Parmalat, Parmalat Spa

• Italian prosecutors grill key Parmalat suspect

  - 2004-01-06

  ROME -- Prosecutors looking into the missing millions at dairy giant Parmalat on Monday grilled a key suspect who previously acknowledged that management systematically manipulated balance sheets. Meanwhile, a business-turnaround team that has taken control of the conglomerate was seeking a fast infusion of cash from bankers to keep Parmalat...

  Tags: Parmalat, Parmalat Spa