Deloitte Touche Tohmatsu and Grant Thornton International, along with Bank of America, have been named as defendants in two lawsuits seeking almost $1 billion for a trio of Cayman Islands companies.

According to the filings, Food Holdings Ltd., Dairy Holdings Ltd. and Parmalat Capital Finance Ltd. -- all in liquidation -- said that they suffered substantial losses related to the 2003 collapse of Parmalat and were suing the Italian dairy company's principal banker and auditors, alleging a number of financial improprieties, including fraud, negligent misrepresentation and breach of fiduciary duty.

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