Bonelli Erede Pappalardo founding partner Sergio Erede has been handed an 18-month suspended sentence for negligence in relation to the collapse of Italian dairy company Parmalat. Erede is a former board member of the Italian food company that collapsed in 2003, marking Europe's biggest-ever bankruptcy at the time. Last week's judgment also saw Parmalat's founder and former chief executive Calisto Tanzi convicted of criminal association and fraudulent bankruptcy and sentenced to 18 years in jail.
December 15, 2010 at 10:37 AM
1 minute read
The original version of this story was published on Legalweek
Bonelli Erede Pappalardo founding partner Sergio Erede has been handed an 18-month suspended sentence for negligence in relation to the collapse of Italian dairy company Parmalat.
Erede is a former board member of the Italian food company that collapsed in 2003, marking Europe’s biggest-ever bankruptcy at the time.
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