Friday, June 22, 2007

Parmalat wins injunction against U.S. creditors

(Reuters) - NEW YORK, June 22 - Parmalat , the Italian dairy company, on Friday said a U.S. bankruptcy judge has awarded it a permanent injunction to protect it against claims by Bank of America Corp. and other U.S. creditors.



The order by Judge Robert Drain of the U.S. bankruptcy court in Manhattan, which Parmalat said was dated Thursday, would be a defeat for an estimated 31 holders of privately placed Parmalat bonds with some 646 million euros of claims.


Read more at Reuters.com Bonds News

No comments: