Citigroup Inc, Deutsche Bank AG, Morgan Stanley, Bank of America Corp and bankers at the firms were acquitted by a Milan court in a market-abuse case relating to the 2003 collapse of Parmalat Finanziaria SpA, Italy’s biggest dairy company.
“The detailed examination of evidence in court brought a clear view of the facts,” Francesco Isolabella, a lawyer for Deutsche Bank, said after Judge Gabriella Manfrin read out the ruling in Milan on Monday.
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