Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, January 10, 2008

Deloitte Settles with Parmalat Bondholders

Deloitte & Touche has reached a settlement with a committee representing about 32,000 bondholders of Parmalat, the Italian version of Enron that collapsed four years ago amidst scandal.  The accounting firm has agreed to pay up to 6% of the nominal value of their investments before Nov. 11, 2003., Parmalat Investors to Get $.06 on the Dollar from Deloitte.

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