(Reuters) - A Manhattan federal judge has rejected Parmalat SpA's request to dismiss an investor class-action lawsuit stemming from the Italian dairy company's December 2003 collapse in an accounting scandal.
The ruling is a defeat for Chief Executive Enrico Bondi, who is trying to distance the reorganized Parmalat from prior management, and is seeking billions of dollars of damages from the company's former bankers.
Read more at Reuters Africa
The ruling is a defeat for Chief Executive Enrico Bondi, who is trying to distance the reorganized Parmalat from prior management, and is seeking billions of dollars of damages from the company's former bankers.
Read more at Reuters Africa
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