Paul Weiss Rifkind Wharton & Garrison has helped Citi to secure a $364.2m (£214.2m) damages payout after Italian dairy giant Parmalat was found to have defrauded the financial services firm, reports The Am Law Daily. The verdict, which came on Monday (20 September), ends months of litigation after opening arguments took place in May.Parmalat - represented by Quinn Emanuel Urquhart Oliver & Hedges partners Kenneth Chiate, Steven Madison, Marc Greenwald and Peter Calamari - accused Citi of being complicit in the fraud that pushed the company into bankruptcy in December 2003. The ensuing scandal became known as 'Europe's Enron.'
October 21, 2008 at 05:57 AM
1 minute read
The original version of this story was published on Legalweek
Paul Weiss Rifkind Wharton & Garrison has helped Citi to secure a $364.2m (£214.2m) damages payout after Italian dairy giant Parmalat was found to have defrauded the financial services firm, reports The Am Law Daily.
The verdict, which came on Monday (20 September), ends months of litigation after opening arguments took place in May.
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