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Dairy Bankruptcy Lawsuit


Intesa Sanpaolo SpA agrees to pay Parmalat SpA 310 million-euro settlement.


Dairy Bankruptcy

Rome, Italy: (Feb-07-08) Parmalat SpA, the dairy company that collapsed four years ago in Italy's largest bankruptcy case, brought charges against Intesa Sanpaolo SpA, the second-largest Italian bank, alleging that the domestic lender played a part in the company's bankruptcy. Sources close to the case revealed that the parties had come to a memorandum of understanding and had reached a settlement, ending litigation.

Under the terms of the deal, Parmalat officials claimed the company received a 310 million-euro payout from Intesa Sanpaolo SpA. They stated that the settlement raised the prospect of more agreements with domestic lenders. The settlement also attributed to an annual profit rise of 5.6%. Parmalat, which returned to the stock market in 2005 after a two-year reorganization under Chief Executive Officer Enrico Bondi, is recouping funds by suing banks and auditors that allegedly contributed to its collapse. The company is also introducing dairy products that bolster the immune and digestive systems. [BLOOMBERG: PARMALAT BANKRUPTCY]


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 is===1

How do you recover money from a stop payment placed on a personal check given to you?
you can always take them to small claims court and sure them for 3 times the amo...

Protection from damages from Internet advertising fraud for owners of an Incorporated company?
The "corporate veil" that ordinarily protects business owners and managers from ...

Does a Chapter 7 bankruptcy discharge a secured mortgage loan?
Yes if you file they cannot sue you to the knowledge I know. My brother is in re...

Once a storage company takes possession of a stored asset and attempts to sell it to satisfy delinquent storage fees, can they continue to charge for storage?
what we found out is that the guy held onto the car since 99 and now wants all s...

I have a collection account on my credit report which states a later "account opened" date than the original creditor's default date on the very same report. What should I do? Do not want to file for bankruptcy.
You might consider contesting the account problem in question. If you call the c...


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