Parmalat Case Sours For Citigroup

Law360, New York (July 14, 2006, 12:00 AM EDT) -- Parmalat SpA declared a minor victory on Friday in its $10 billion suit against Citigroup Inc. when a New Jersey court rejected Citigroup’s motion for a new venue.

“Parmalat wins appeal against Citigroup: suit to proceed in New Jersey,” the Italian dairy company announced in a brief press release. “Consequently Parmalat’s suit against Citigroup will continue towards trial in New Jersey, the originally selected forum.”

The case is being heard before the Appellate Division of the Superior Court of New Jersey.

Parmalat SpA has filed lawsuits...
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