including fraud, negligent misrepresentation, & breach of fiduciary duty. The suit claims Bank of America generated millions of dollars in fees and interest when it orchestrated financial transactions designed to disguise Parmalat's insolvency. The claim seeks nearly $1B from Bank of America, Deloitte Touche Tohmatsu & Grant Thornton. December 2005 December 20 – Bank of America is granted the ability to join other plaintiffs in an Italian lawsuit against Parmalat. This is possible due to the condition that Bank of America is entitled to treatment as a damaged party in any civil suit as set forth on 2005-01-25. 2006 February 2006 February 10 – After amending the lawsuit brought by Parmalat investors against former auditors and banks of the bankrupt company, Judge Lewis Kaplan gives the OK for Bank of America to be sued for its role in helping Parmalat commit securities fraud. The suit centers around a $300M loan made to Parmalat's Brazilian subsidiary and a 2001 change to an insurance policy for Parmalat Venezuela. Bank of America states that it "believed it was dealing with a strong, honest, and profitable company and had no knowledge of the fraud perpetrated by Parmalat and its senior management". March 2006 March 30 – Judge Lewis Kaplan of the Southern District of New York has ruled Bank of America may seek up to $1B in damages from Parmalat. The ruling allows Bank of America to claim Parmalat committed fraud, misrepresentation, conspiracy, and other illegal acts. 2007 March 2007 March 26 – Some of the counterclaims brought by Bank of America against Parmalat, including racketeering and North Carolina deceptive-trade practices laws are dismissed by Judge Lewis Kaplan in New York federal district court. "Bank of America’s counterclaims for fraud, negligent misrepresentation, securities fraud, and civil conspiracy…will go forward", stated Bank of America spokesman Timothy Gilles, "…and they are significantly more important than the secondary claims that were dismissed." June 2007 June 22 – U.S. Federal Bankruptcy Court in New York grants a permanent injunction against claims by creditors, including Bank of America. It came as a defeat for bondholders and their $868M in claims. The injunction will not apply outside the U.S. or to any Parmalat affiliates or subsidiaries not restructuring under Italian bankruptcy law. June 25 – Bank of America representatives in Milan, Italy release a statement claiming the bank lost $450M from the Parmalat collapse. July 2007 July 6 – An