TITLE

Parmalat's Banks: Nothing to Worry About?

AUTHOR(S)
Burns, Mairin
PUB. DATE
January 2004
SOURCE
Investment Dealers' Digest;1/12/2004, Vol. 70 Issue 2, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the U.S. Securities and Exchange Commission (SEC) would investigate the role in the fraud played by banks that acted as agent, underwriter or adviser to Italian dairy firm Parmalat Finanziaria SpA. Parmalat's debt through private placements; SEC's allegation that the company fraudulently offered several million dollars of unsecured senior guaranteed notes to U.S. investors by materially overstating the company's assets and understating its liabilities.
ACCESSION #
11919681

 

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