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| In re Parmalat Securities Litigation |
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Grant Thornton LLP
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| We represent Grant Thornton LLP, as U.S. member firm of Grant Thornton International, in the consolidated securities fraud and professional liability litigation arising out of the collapse of Parmalat, the Italian dairy conglomerate. The cases involve important issues of vicarious liability for international accounting organizations and their member firms. We obtained a summary judgment dismissing a $10 billion lawsuit by the bankruptcy trustee and are defending the dismissal in the Second Circuit. |
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