IN RE PARMALAT SECURITIES LITIGATION

No. 04 MD 1653(LAK).

375 F.Supp.2d 278 (2005)

In re PARMALAT SECURITIES LITIGATION.

United States District Court, S.D. New York.

June 28, 2005.


Attorney(s) appearing for the Case

Steven J. Toll, Mark S. Willis, Julie Goldsmith Reiser, Joshua S. Devore, Cohen, Milstein, Hausfeld & Toll, P.L.L.C., Washington, DC, Stuart M. Grant, John C. Kairis, Diane Zilka, Wilmington, DE, James J. Sabella, Grant & Eisenhofer, P.A., New York City, for Plaintiffs.

Brian M. Cogan, James L. Bernard, Quinlan D. Murphy, Stroock & Stroock & Lavan LLP, New York City, for Defendant Grant Thornton International.

Bruce R. Braun, Linda T. Coberly, Louise R. Radin, Winston & Strawn LLP, Chicago, IL, for Defendant Grant Thornton LLP.

Michael J. Dell, Robert A. de By, Jonathan A. Popolow, Kramer Levin Naftalis & Frankel, LLP, New York City, for Defendant Deloitte Touche Tohmatsu and James E. Copeland.

Alan N. Salpeter, Stephen M. Shapiro, Michele Odorizzi, Daniel L. Ring, Chicago. IL, Robert J. Ward, New York City, Mayer, Brown, Rowe & Maw LLP, for Defendants Deloitte & Touche USA LLP and Deloitte & Touche LLP.


KAPLAN, District Judge.

Parmalat Finanziaria, S.p.A. and Parmalat S.p.A. and its affiliates (collectively, "Parmalat") collapsed upon the discovery of a massive fraud that reportedly involved the understatement of Parmalat's debt by nearly $10 billion and the overstatement of its net assets by $16.4 billion.1 Plaintiffs, purchasers of Parmalat securities between January 5, 1999 and December 18, 2003 (the "Class Period"), seek damages against...

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