dealer in distressed securities, said the market valued Parmalat's potential windfall from its claims at around 375 million euros. Parmalat Finance Corp. BV benchmark bonds were trading on Wednesday at 17 percent of face value compared to 13 percent at the end of July. "I think this is a relatively conservative assumption -- if banks start paying out money, the bonds will go up," he said. Both Grant Thornton's former Italian office and Deloitte are being investigated by Italian authorities in connection with the Parmalat case. The former chairman and a partner of Grant Thornton are also under investigation, along with two Deloitte partners. Prosecutors in Milan have recommended the men and the two organizations stand trial.
