Wednesday, May 23, 2007

Parmalat says NJ court rejects Citigroup appeal

(Reuters) - Parmalat, an Italian company best known for its long-life milk, said the state supreme court rejected Citigroup's appeal of a January ruling by Bergen County Superior Court Judge Jonathan Harris. The judge had turned aside Citigroup's argument that Parmalat brought the case in the wrong court.



New York-based Citigroup did not immediately return a call seeking comment. A copy of the appellate ruling was not immediately available.


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