Citigroup Inc. (NYSE: C,TYO: 8710), a major American financial services company, is still to face charges of aided and abetted larceny at a trial on May 5.
Parmalat accuses Citigroup of using corrupt insiders at the Italian dairy company to steal the assets.
Parmalat is still seeking punitive damages to punish Citigroup. Taking into consideration fraud, conspiracy, racketeering laws the company hoped to get $21 billion.
But State Superior Court Judge approved today Citigroup's request to dismiss Bondi's claims of unjust enrichment.
The decision has dropped back Parmalat's claims and the measure of damages. It also marks another win of Citigroup over Parmalat.
Citigroup won dismissal of most of a New Jersey lawsuit that sought billions of dollars in damages over the 2003 collapse of Parmalat SpA.
Russian Foreign Minister Sergei Lavrov stated that Vladimir Putin and Donald Trump, as well as the military of the two countries, will never let a military confrontation spark, but...
An attack is under way against the truth-seeking social media practising data democracy. What is unacceptable is that the liars accuse the truthseekers of lying
On April 20, Russian Foreign Minister Sergei Lavrov confirmed that Russia could supply air defense systems to Syria