Law & Health Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Law & Health Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Bank of America
Bank of America Former Employees Acquitted in Parmalat Fraud
January 3rd, 2009
Bank of America is pleased with the decision of the Milan court acquitting its former employees of market manipulation. The ruling establishes beyond doubt that former bank employees did not engage in market manipulation. After over four years of trial, it was clearly proven that the Parmalat fraud was perpetrated solely by the Parmalat insiders with the active assistance of its auditors. As the evidence demonstrated, no one at Bank of America knew or could have discovered the true financial condition of Parmalat. Parmalat's true financial condition was not discovered even during the course of intensive investigations by Consob and other public...
Source: Law & Health Weekly (2009-01-03)
|
