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Article: Parmalat is suing Deutsche Bank Failed dairy seeks ÿ17 million as it expands recovery efforts
- Article from:
- International Herald Tribune
- Article date:
- August 10, 2004
- Author:
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Eric Sylvers
International Herald Tribune
08-10-2004
Parmalat Finanziaria, the Italian dairy giant, sued Deutsche Bank on Monday as part of a continuing effort to recover money from banks that provided it with financial services during the year before it collapsed. Parmalat's government-appointed administrator, Enrico Bondi, is suing the Italian branch of Deutsche Bank, seeking to recover 17 million, or $20.8 million, paid to the German bank in December 2003, the same month Parmalat defaulted on billions of euros of bonds. Parmalat said it may file another lawsuit later against Deutsche Bank to recover an unspecified amount of damages. In the years leading to Parmalat's spectacular ...