The aim of Knowmore.org is to raise awareness of corporate abuse, and to serve as a catalyst for direct action against corporate power.

Ethical Consumerism is an important movement toward corporate reform, through which individuals recognize their own role in systems of oppression, and take personal steps toward resistance and  positive change.

However, the problem of unchecked corporate power is systemic and goes far beyond the scope of any single boycot or campaign.

Once you've seen enough of Knowmore's data and familiarized yourself with our Issues section, check out our Direct Action page to get involved!

From Knowmore.org

Parmalat SpA, the dairy company that collapsed four years ago in Italy's largest bankruptcy case, brought charges against Intesa Sanpaolo SpA, the second-largest Italian bank, alleging that the domestic lender played a part in the company's bankruptcy. Sources close to the case revealed that the parties had come to a memorandum of understanding and had reached a settlement, ending litigation.

Under the terms of the deal, Parmalat officials claimed the company received a 310 million-euro payout from Intesa Sanpaolo SpA. They stated that the settlement raised the prospect of more agreements with domestic lenders. The settlement also attributed to an annual profit rise of 5.6%. Parmalat, which returned to the stock market in 2005 after a two-year reorganization under Chief Executive Officer Enrico Bondi, is recouping funds by suing banks and auditors that allegedly contributed to its collapse. The company is also introducing dairy products that bolster the immune and digestive systems.

Lawyers and Settlements

February 7, 2008