Cohen Milstein et Spector Roseman annoncent que la plainte en nom collectif d?pos?e dans le cadre de l'affaire Parmalat contre les commissaires au compte du groupe agro-alimentaire pourrait ?tre port?e devant les tribunaux am?ricains.

Business Editors/Legal Writers

WASHINGTON--(BUSINESS WIRE)--28 juin 2005--

Le juge Lewis A. Kaplan de la Cour du District Sud de New York a jugé recevables diverses allégations de plaignants à l’encontre de certains auditeurs mis en cause dans le cadre de la plainte en nom collectif relative au scandale de fraude boursière autour du groupe Parmalat.

( BW)(DC-COHEN-MILSTEIN) Cohen Milstein and Spector Roseman Announce Parmalat Class Action Lawsuit Against Certain Auditor Defendants May Proceed in U.S. Court

Business Editors/Legal Writers

WASHINGTON--(BUSINESS WIRE)--June 28, 2005--The Honorable Lewis A. Kaplan of the United States District Court for the Southern District of New York today issued an opinion upholding various claims asserted by the plaintiffs against certain auditor defendants in the class action relating to the Parmalat securities fraud

Judge Kaplan found that the plaintiffs had adequately stated fraud claims against Deloitte Touche Tohmatsu ("DTT") and Grant Thornton International ("GTI") by virtue of their respective agency relationships with Parmalat's Italian auditors, concluding that, "plaintiffs have alleged sufficiently that an agency relationship existed between GTI and GT-Italy and DTT and its members firms that conducted the Parmalat audit ..." and that "(a)s principals they would be responsible for the actions of their agents." The Court also found that plaintiffs had adequately stated claims against GTI as a controlling person of GT-Italy, and against DTT and James Copeland, Deloitte's Chief Executive Officer, as controlling persons of Deloitte & Touche LLP and DTT's member firms in Italy

The law firms of Cohen, Milstein, Hausfeld & Toll, P.L.L.C. and Spector, Roseman & Kodroff, P.C. represent the court-appointed bondholder lead plaintiffs in the action.

According to Mark S. Willis, a partner at Cohen Milstein, one of the co-lead counsel in the litigation, "The Court's decision today is a significant step in moving the case forward for the benefit of Parmalat securities purchasers." Robert M. Roseman, a partner at Spector Roseman, echoed that, "The Court's decision to hold the international accounting organizations accountable has afforded investors the right to proceed and to seek the recovery of funds lost due to the Parmalat fraud." A copy of Judge Kaplan's opinion is available at (http://www.cmht.com/) www.cmht.com and at (http://www.srk-law.com/) www.srk-law.com.

CONTACT: Cohen Milstein Hausfeld & Toll, P.L.L.C

Mark S. Willis, 202 408-4600 [email protected]

or

Robert M. Roseman, 215 496-0300 [email protected]