Judge OKs New Jersey lawsuit against Citigroup in Parmalat case

A judge in New Jersey has ruled that Italian food company Parmalat can sue Citigroup in that state, a blow to the investment bank, which has fought for three years for a dismissal. Citigroup is accused of helping the former management of Parmalat hide debt and mislead investors. Citigroup has said that it too was a victim of Parmalat's fraud.

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