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Parmalat Agrees to Corporate Reforms in Accord With SEC
Racked by a massive fraud scandal, Italian dairy giant Parmalat has
to make corporate reforms in a settlement with U.S. regulators that does
fine the company. The settlement must be approved by the federal court
Manhattan, where the Securities and Exchange Commission filed the suit,
charging that Parmalat Finanziaria SpA "engaged in one of the largest
most brazen corporate financial frauds in history."
July 30, 2004 at 12:00 AM
1 minute read
By Marcy Gordon |
Updated on July 30, 2004
The original version of this story was published on Law.Com
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