Parmalat USA Corp., a unit of the troubled Italian dairy company Parmalat Finanziaria SpA, filed for bankruptcy-court protection from creditors late last month, listing assets and debts of at least $100 million U.S. each.
Parmalat USA Corp., a unit of the troubled Italian dairy company Parmalat Finanziaria SpA, filed for bankruptcy-court protection from creditors late last month, listing assets and debts of at least $100 million U.S. each.
The U.S. shockwaves came less than two weeks after the son and daughter of Parmalat's founder were arrested by Italian authorities, who say they siphoned more than $900 million from the global dairy giant before its December collapse.