Italy's dairy group Parmalat SpA said Friday it will issue new stock valued at more than $36 million to settle a class-action case against it in the U.S. Southern District Court of New York.

The hole in Parmalat's accounts may be considerably bigger than the Italian dairy group revealed on Friday, people familiar with the situation said at the weekend. IE 11 is not supported.

A U.S. jury found Parmalat SpA <PLT.MI> defrauded Citigroup Inc <C.N> in a case stemming from the Italian dairy company's 2003 collapse, and awarded the bank $364.2 million in damages on Monday.

The Milan stock market is down 3 percent since the scandal broke Dec. 19, compared with a 1 percent rise in the Europewide Eurostoxx index. Italian banks, owed at least 1 billion euro by Parmalat ...

The $640 million of Parmalat funds gone missing in the Cayman Islands investment fund. The family travel business, Parmatour, run by daughter Francesca, that received a mysterious series of cash ...

MILAN, Oct 21 (Reuters) - Parmalat shares fell nearly 20 percent to a record low after a U.S. jury rejected the company's claims for damages from Citigroup over its 2003 collapse, raising doubts ...

Parmalat shares returned to the market on Thursday two years after the Italian food group's collapse, with suitors lining up and traders betting on a windfall from multi-billion-euro lawsuits.

Less than two years after collapsing in Europe's biggest-ever corporate fraud, onetime dairy giant Parmalat SpA is about to re-emerge on the Milan stock exchange. The relisting of Parmalat stock ...

Parmalat resumes trading on Milan stock market Posted Thu 6 Oct 2005 at 12:42pm Thursday 6 Oct 2005 at 12:42pm Thu 6 Oct 2005 at 12:42pm Help keep family & friends informed by sharing this article ...