Legal Opinion
In Re Parmalat Securities Litigation
District Court, S.D. New York
Decided September 4, 2007No. This document relates to: 06 Civ. 0383, 06 Civ. 3109. No. 04 MD 1653(LAK)PublishedCited by 28 opinions
1Opinion of the Court
OPINION
KAPLAN, District Judge.
International dairy conglomerate Par-malat S.p.A. and its affiliates (“Parmalat”) collapsed in scandal and filed for bankruptcy in Italy in late 2003. These actions are brought on behalf of the successors of two bankrupt Parmalat subsidiaries against a number of banks and accounting firms principally for helping conceal Parmalat’s true financial condition, thus causing the subsidiaries to incur debt in reliance on misrepresentations of Parmalat’s financial health. Before the Court are defendants’ motions to dismiss the second amended complaints in both actions.
Fac…
2Cases cited59 opinions
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- Conley v. GibsonSupreme Court of the United States · 1957
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Pioneer Investment Services Co. v. Brunswick Associates Ltd. PartnershipSupreme Court of the United States · 1993
- Chambers v. Time Warner, Inc.Court of Appeals for the Second Circuit · 2002
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3Cited by28 opinions
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- Matsumura v. Benihana National Corp.District Court, S.D. New York · 2008
- DeAngelis v. CorzineDistrict Court, S.D. New York · 2014
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