Parmalat Sues Deloitte, Grant Thornton
Italian dairy company Parmalat sued Grant Thornton International and Deloitte Touche Tohmatsu for $10 billion, saying the auditors overlooked fraud and looting that nearly led to the company’s downfall.
The lawsuit, filed in Chicago by the insolvent conglomerate’s new management, alleges that the company has lost more than $10 billion because of Grant Thornton’s and Deloitte’s audits and other actions.
Grant Thornton said it “does not accept that this is a legitimate action and will defend its position vigorously.”
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
