Parmalat Survives Another Motion To Dismiss

Law360 (October 2, 2007, 12:00 AM EDT) -- The Superior Court of New Jersey has once again rejected Citigroup Inc.'s attempt to dismiss a $10 billion lawsuit brought against it by Parmalat SpA.

A trial is now scheduled to begin in May 2008, the Italian dairy company announced Tuesday in a brief statement.

This was not the first time the New Jersey state court system had ruled against Citigroup in the case. This May, the New Jersey Supreme Court denied Citigroup's attempt to move the lawsuit from the Garden State to Italy.

That ruling...
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