Fraud case opens in Parmalat's hometown 2 1/2 years after dairy giant's failure

By The Associated Press  COLLEEN BARRY (Associated Press Writer)

Quick Read Fraud case opens in Parmalat's hometown 2 1/2 years after dairy giant's failure

(AP) -- Just 10 days after two Enron executives were convicted of fraud in Texas, a court in this northern Italian city launches proceedings Monday aimed at proving fraud in the €14 billion (US $18 billion) collapse of the Parmalat dairy giant -- Europe's largest corporate failure.

Parmalat's swift and stunning failure was a blow to corporate Italy and shattered the pride of this pristine...

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