|
|
18 Jun 2008
Investors claiming losses from the Parmalat’s 2003 collapse are targeting Deloitte & Touche and Grant Thornton, as well as Citigroup and Bank of America in another round of lawsuits stemming from the Parmalat accounting scandal.
The plaintiffs are expected to demand more than $77m (₤39m) in damages in litigation filed in Milan, according to a Reuters report, quoting Vincenzo Somma, head of legal and economic studies at Altroconsumo, an independent consumer protection association, CFO.com reports.
The majority of the more than 6000 retail investors are Italians who are said to be joined by a number of European institutional investors based outside Italy, according to the report.
A spokeswoman for Deloitte decline comment on the story until the lawsuit was filed and a spokesman for Grant Thornton said Grant Thornton had no involvement whatsoever in the audit of Parmalat and did not issue any statements or audit opinions on Parmalat's financial statements.
Further reading:
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment