Parmalat has stepped up legal proceedings against banks alleged to
have failed to prevent its 2003 financial collapse as it continues
its drive to re-establish itself as a leading global dairy company.
Parmalat, the bankrupt Italian dairy group, is bracing itself for
the verdict of an Italian judge, which could force Enrico Bondi,
the group's government-appointed administrator, to reconsider
claims from former creditors worth...
In yet another twist arising from one of the largest scandals in
Italian corporate history, Parmalat, the bankrupt Italian dairy
company, has agreed to pay former creditor Deutsche Bank an
additional €26 million, a gesture which could...