Saturday, January 13, 2007

Deloitte Settles Parmalat Suit for $149 Million

We hear that Deloitte will settle its suit with Parmalat SpA for $149 million to settle lawsuits where it was accused of participating in the Italian dairy company's bankruptcy in December 2003.

In a recent joint statement both parties indicated that this settlement resolves all litigation issues between them. Also covered was Dianthus SpA, which operated as Deloitte & Touche until July 2003 in Italy.

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