Citigroup Wins Parmalat Lawsuit; Jury Awards Bank $364.2 Million
Posted on October 20, 2008 at 20:00 PM EDT
A U.S. Jury found Citigroup (C) did not aid and abet a breach of fiduciary duty in Parmalat case - Bloomberg News reports. The 6-1 verdict in favor of Citi was handed down by a New Jersey state court jury after a trial lasting several months. Parmalat, a multinational Italian dairy and food ...
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