Parmalat Case Stays In Land Of Sinatra, Soprano

Law360, New York (January 23, 2007, 12:00 AM EST) -- Noting that New Jersey is as good a venue as anywhere in the world, a judge has denied Citigroup’s request to move its case against Parmalat to Italy, calling the financial group’s motion a “hastily cobbled together” and “barren” record that inadequately made its case.

The decision on Tuesday was the latest blow to Citigroup Inc. in Parmalat’s $10 billion claw-back action against its former financial partner. The case, filed in 2004, is one of a multitude of suits the fallen dairy giant has filed against...
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