Parmalat

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      Auditors off the hook in the Parmalat case

      Posted by SoxFirst

      Parmalat's auditors and bankers have been let off the hook when a judge dismissed lawsuits against them. Last month the same judge ruled that Citigroup, Bank of America, Deloitte Touche Tohmatsu and Grant Thornton did not have to face charges because all of the alleged improper conduct took place outside of the US and were therefore not covered by US securities law.

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    SoxFirst

    Member since Sep 2008

    Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.

    Melbourne