2nd Circ. Revives Parmalat Venue Dispute

Law360, New York (January 18, 2011, 7:17 PM EST) -- The Second Circuit has ordered the U.S. District Court for the Southern District of New York to re-examine its jurisdiction over part of a multidistrict litigation involving Italian dairy giant Parmalat Finanziaria SpA's bankruptcy and related allegations of securities fraud.

The U.S. Court of Appeals for the Second Circuit said in a Tuesday opinion that the district court used the wrong standard of review when it exercised jurisdiction over the claims of plaintiffs Parmalat Capital Finance Ltd. and Enrico Bondi, who filed separate suits under Illinois...
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