News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Parmalat sues Bank of America

The bank declines to comment on claims it held talks with dairy group

Enrico Bondi, the turnaround expert in charge of rebuilding Parmalat, has filed a formal damages claim in a US district court against Bank of America and some of its unnamed subsidiaries. It is the latest legal action against an investment bank that worked for the collapsed Italian dairy group.

Bondi is seeking a total of $10bn (€8.1bn) in damages from investment banks and former auditors which he claims played a part in Parmalat's collapse.

WSJ Logo