US judge Lewis Kaplan has dismissed complaints made by two of the subsidiaries of Parmalat against several accounting firms and banks, following Parmalat’s collapse in 2003.

The two subsidiaries had alleged that the accounting firms and the banks had helped to conceal Parmalat’s true financial position. Kaplan J dismissed the complaints on the basis that the allegations related to events which took place outside the US (and accordingly outside the jurisdiction) so the defendants did not have to face charges.