Sep 21, 2009
Winston & Strawn Wins Dismissal for Grant Thornton in Parmalat Suit
Sometimes it pays to settle, and sometimes it pays to fight. It looks like Grant Thornton and its lawyers at Winston & Strawn made a wise decision to fight claims brought by Parmalat and its chief executive, Enrico Bondi, over the fraud that caused the company’s collapse in 2003. A New York federal judge has ruled on summary judgment motions that Bondi could not recover damages against Parmalat auditors Grant Thornton LLP or Grant Thornton International because Parmalat’s own officers were responsible for the fraud.