Getting your player ready...
NEWARK, N.J. — Part of a $7 billion negligence lawsuit filed by Italian dairy firm Parmalat SpA against Citigroup Inc. will go to trial May 5, a state judge ruled Tuesday.
Superior Court Judge Jonathan N. Harris dismissed some claims against Citigroup but retained Parmalat’s charges that the largest U.S. bank aided Parmalat insiders in a theft, which came to light when an accounting fraud was uncovered.
