Legal Opinion
In Re Parmalat Securities Litigation
District Court, S.D. New York
Decided June 28, 2005No. 04 MD 1653(LAK)PublishedCited by 107 opinions
1Opinion of the Court
KAPLAN, District Judge.
Parmalat Finanziaria, S.p.A. and Parma-lat S.p.A. and its affiliates (collectively, “Parmalat”) collapsed upon the discovery of a massive fraud that reportedly involved the understatement of Parmalat’s debt by nearly $10 billion and the overstatement of its net assets by $16.4 billion. 1 Plaintiffs, purchasers of Parmalat securities between January 5, 1999 and December 18, 2003 (the “Class Period”), seek damages against Parmalat’s accountants, banks and others, most of whom now move to dismiss the complaint pursuant to Rules 12(b), 9(b) and 8(a) and (e) of the Federal…
2Cases cited97 opinions
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- Dura Pharmaceuticals, Inc. v. BroudoSupreme Court of the United States · 2005
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3Cited by107 opinions
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- Pension Committee of the University of Montreal Pension Plan v. Banc of America Securities, LLCDistrict Court, S.D. New York · 2006
- In Re Take-Two Interactive Securities LitigationDistrict Court, S.D. New York · 2008
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