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Citigroup's request to move Parmalat case again rejected by US court


Published : Sun, 18 Mar 2007 18:05
By : Agencies
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MILAN (AFX) - Parmalat SpA said in a statement that the Appellate Division of the Superior Court of New Jersey has again rejected a motion from Citigroup to hear Parmalat's damages suit against the bank in a location other than New Jersey.

'The suit continues in New Jersey, the forum originally selected by Parmalat,' the statement said.

In the suit, Parmalat is seeking damages of a reported 10 bln usd from Citigroup for its alleged role in the collapse of the food group in 2003.

danilo.masoni@thomson.com

dm/abr

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