Parmalat May Face Investors in US Court

Laughlin, Kate
June 2006
Investment Dealers' Digest;6/12/2006, Vol. 72 Issue 23, p7
Trade Publication
The article reports that on June 2, 2006, lawyers in the U.S. securities fraud class action suit have filed an amended complaint in federal court in New York, making claims for the first time against the newly reorganized Parmalat Finanziaria. Parmalat had been found to be understating its debt by about $10 billion and overstating its net assets by $16.4 billion before it collapsed into a bankruptcy. Before it emerged from bankruptcy, investors could not file a lawsuit against the company itself.


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