Reeling from a massive fraud scandal involving billions of dollars of missing money, Italian dairy giant Parmalat sued Citigroup Inc. and some of its subsidiaries Thursday, seeking to recover damages, company officials said. The lawsuit charges that Citigroup's Citibank unit, as financial adviser and investment bank, "played an active role in the manipulation of Parmalat's financial results."
July 30, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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