News from the Courtroom

Thanks to the 10b-5 Daily.com for the pointer to this interesting article: “Parmalat document order a waste of time – judge.” The law firm which represents a pension fund suing Parmalat executives and their advisers, requested a special order forbidding Parmalat from destroying documents. U.S. District Judge Lewis Kaplan said any document destruction was a criminal offense and an additional order from him would be redundant. “If anyone wants to file papers on this, God bless them,” he said. “But don’t waste my time.”