BusinessCompany NewsParmalat bank hearings delayed

Parmalat bank hearings delayed

Hearings will not happen until March 7, news agencies report

Hearings against four investment banks over their role during the collapse of
Parmalat in 2003 have been postponed to March 7.

Lawyers for the banks denied the charges against them yesterday as they
entered court, but the full trial will not take place until March in order to
address some preliminary questions raised, news agencies reported.

The banks – Citigroup, Morgan Stanley, Deutsche Bank and UBS – have been
accused of withholding information on Parmalat’s problems.

Further Reading:

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agency reports

Banks
deny Parmalat charges

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