Two former auditors and two former banks for Italian dairy firm Parmalat will not face charges over the company’s 2003 collapse, following a ruling by a US federal judge Lewis Kaplan.
Kaplan ruled that much or all of the alleged improper conduct took place outside of the US.
Citigroup, Bank of America, Deloitte Touche Tohmatsu and Grant Thornton will now not need to face charges, he said.
Parmalat was Europe's biggest bankruptcy and collapsed with a £9.4bn hole in its accounts.
Further reading:
Parmalat founder and CFO charged over collapse
Four banks to face Parmalat charges
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