(Reuters) - Parmalat Chief Executive Enrico Bondi has accused some 50 defendants, including Citigroup, of helping prior management hide debt and inflate results, leading in 2003 to Europe's largest bankruptcy. Much of the resulting litigation is being handled in Italy and a Manhattan federal court.
Citigroup spokesman Daniel Noonan said the bank was disappointed with the latest ruling, but noted it does not address the merits of Bondi's case. "Citigroup has done nothing wrong, and we look forward to being vindicated," Noonan said.
Read more at Reuters.com Bonds News
Citigroup spokesman Daniel Noonan said the bank was disappointed with the latest ruling, but noted it does not address the merits of Bondi's case. "Citigroup has done nothing wrong, and we look forward to being vindicated," Noonan said.
Read more at Reuters.com Bonds News
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