Deloitte would settle Parmalat claims

Deloitte has said that it would be prepared to settle claims against it over
the collapse of Italian dairy group Parmalat – if the settlement were less or
equal to the legal costs.

Deloitte, one of Parmalat’s two auditors, is strongly contesting the $10bn
lawsuit, saying that not only was it not responsible for the fraud, it uncovered

Chief executive William Parrett has been quoted as saying: ‘We think we’ll be
proven not to be responsible for the Parmalat matter.

‘We expect to defend ourselves to the fullest, and we expect to win. We
didn’t perpetrate the fraud: we were a victim of it, and we uncovered it.’

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