Citibank wins Parmalat case

$431 mn in compensation awarded

(ANSA) - Rome, April 15 - Parmalat on Monday lost a $431-million case against Citibank as the supreme Court of Cassation upheld a 2008 ruling by the Superior Court of New Jersey.
    The court rejected an appeal by Parmalat against a 2014 Bologna appeals court sentence ordering the dairy group to compensate the bank.
    The former dairy giant crashed in Europe's largest-ever fraudulent bankruptcy in 2003.
   

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