Bondi v. Citigroup

Mike and Kara worked on behalf of Citigroup.

New Jersey Superior Court

After Parmalat’s collapse, Citigroup was accused of being part of a fraudulent scheme to artificially inflate Parmalat’s value and cash flow. Citigroup needed both to defend its actions and to show that Parmalat, not Citigroup, engaged in fraud. The jury returned a defense verdict defeating claims worth more than $12 billion and awarding $364 million on Citigroup’s counterclaim.

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