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Parmalat Sues Grant Thornton, Deloitte for $10 Billion
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.Plaintiffs with fraud claims against auditor Grant Thornton LLP might have to start calling the Second Circuit the defibrillator court.
Mayer Brown, Others Sued for More Than $2 Billion in Refco Case
A court-appointed trustee responsible for retrieving funds for Refco creditors filed a suit Tuesday seeking more than $2 billion in damages from Chicago-based law firm Mayer Brown, three major accounting firms and several investment banks that played a role in Refco's $583 million initial public offering in 2005. The IPO, trustee Marc S. Kirschner said in an interview, was the "cashing-out portion" of a long-running fraud built on an illusion that Refco was a successful brokerage.Mayer Brown, Others Sued for More Than $2 Billion in Refco Case
A court-appointed trustee responsible for retrieving funds for Refco creditors filed a suit Tuesday seeking more than $2 billion in damages from Chicago-based law firm Mayer Brown, three major accounting firms and several investment banks that played a role in Refco's $583 million initial public offering in 2005. The IPO, trustee Marc S. Kirschner said in an interview, was the "cashing-out portion" of a long-running fraud built on an illusion that Refco was a successful brokerage.View more book results for the query "Thornton Law Firm LLP"
Winning Women: Samara L. Kline
For civil appellate attorney Samara L. Kline, writing a brief is like putting together a puzzle. She has thousands of pieces of information on complicated issues that she must present in as simple a way as possible to persuade an appellate court to rule for her client.In re Parmalat Securities Litigation
Fact Issues Exist on Independence of Parmalat's Auditors; Vicarious Liability Claim Not DismissedTrending Stories
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