Bondi v. Citigroup

VERDICT

Trial
05/15/08 – 10/20/08

Summary

Parmalat SpA, the Italian dairy company that collapsed in 2003, sought $2 billion in damages from Citigroup.

Parmalat Chief Executive Officer Enrico Bondi seeks to prove that Citigroup, the largest U.S. bank by assets, aided and abetted larceny by corrupt insiders at Parmalat.

Citigroup claimed that it was a victim, not a perpetrator, and that Citigroup had lost $700 million in the Parmalot fraud.

The jury awarded Citigroup $364 million dollars.

Outcome

Damages by Plaintiff's Conversion: 210,192,280
Damages to Citigroup for Fraud: 364,228,023
Damages to Citigroup for Negligent Misrepresentations: 364,228,023

Total Awarded to Citigroup:938,648,326
Total (Capped): 364,228,023

Case Information
Attorneys
Witnesses

Sessions

AM Session
Not in Session
0 Chapters
PM Session
Not in Session
0 Chapters
JUN
5
AM Session
Not in Session
0 Chapters
PM Session
Not in Session
0 Chapters
JUN
6
AM Session
Not in Session
0 Chapters
PM Session
Not in Session
0 Chapters
JUN
9
AM Session
Plaintiff Witness(es)
3 Chapters
PM Session
Not in Session
0 Chapters
JUN
10
AM Session
Not in Session
0 Chapters
AM Session
Not in Session
0 Chapters
JUN
13
AM Session
Plaintiff Witness(es)
1 Chapters
PM Session
Not in Session
0 Chapters
JUN
25
AM Session
Not in Session
0 Chapters
PM Session
Not in Session
0 Chapters
JUL
3
AM Session
Not in Session
0 Chapters
PM Session
Not in Session
0 Chapters
JUL
4
PM Session
Plaintiff Witness(es)
3 Chapters
JUL
9
AM Session
Plaintiff Witness(es)
1 Chapters
JUL
25
JUL
30
AM Session
Not in Session
0 Chapters
PM Session
Not in Session
0 Chapters
SEP
12
AM Session
Not in Session
0 Chapters
PM Session
Not in Session
0 Chapters
SEP
19
AM Session
Not in Session
0 Chapters
PM Session
Not in Session
0 Chapters
OCT
9
AM Session
Not in Session
0 Chapters
PM Session
Other
3 Chapters
OCT
10
AM Session
Other
3 Chapters
PM Session
Other
2 Chapters
OCT
16
AM Session
Other
1 Chapters
PM Session
Verdict
1 Chapters
OCT
20

Suggest a Trial

Want to see a trial that you don't see in our list of upcoming trials?

Suggest a Case

CVN Essentials

The most important and informative moments of each trial

CVN Essentials

Video Library

Unlimited access to thousands of hours of past coverage of high stakes civil litigation

Video Library

  • Follow Us
  • Contact Us
  • 4901 Olde Towne Parkway
  • Suite 100
  • Marietta, GA 30068
  • 877-834-8627
  • 404-935-0321

Copyright 2024 Courtroom Connect.