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.
Parmalat SpA’s two lawsuits against accounting firm Grant Thornton LLP were revived for a second time by a U.S. appeals court decision reversing a trial court’s order dismissing the cases.
A trustee representing Refco Inc.’s foreign-exchange customers agreed to dismiss their last claim against Grant Thornton LLP, the defunct firm’s former auditor that clients accused of helping Refco defraud them.
The U.S. dropped the biggest prosecution of individuals accused of foreign bribery after two trials in the case ended with three acquittals and seven mistrials.
U.S.- and Antiguan-appointed receivers for R. Allen Stanford’s holdings vied in court for control of his assets as investors await payment for losses in his alleged $7 billion fraud scheme.
"As with K1 Invest, the relationship between K1 Global and the K1 Group is as yet unclear."
- Grant Thornton on Nov 19, 2009
Ferreira Says U.S. Private Equity Faces Competition