It’s a Wednesday night in London, and Vincent Tchenguiz, the biggest owner of residential real estate units in the U.K., is getting wound up about the criminal case that paralyzed his business and threatened to land him in prison.
Two suits by Parmalat SpA and its Parmalat Capital Finance Ltd. unit claiming damages from the accounting firm Grant Thornton LLP were revived by a federal appeals court in New York.
Grant Thornton LLP won dismissal of a lawsuit alleging accounting malpractice related to the 2003 bankruptcy of Parmalat SpA.
"The decision to put the company into administration follows the recognition of large potential contingent liabilities within the companies."
- Grant Thornton on Oct 14, 2009
Ferreira Says U.S. Private Equity Faces Competition