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Italian dairy company Parmalat sued Grant Thornton International and Deloitte Touche Tohmatsu for $10 billion on Wednesday, saying the auditors overlooked fraud and looting that nearly led to the company's downfall. The lawsuit is part of Parmalat bankruptcy administrator Enrico Bondi's campaign to recover money for the company's creditors by suing financial institutions that he alleges helped Parmalat's former executives deceive investors.
August 19, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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