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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