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Monday, December 26, 2011

DR. ENRICO BONDI, ETC. VS. CITIGROUP, INC., ET AL. A-2654-08T2

DR. ENRICO BONDI, ETC. VS. CITIGROUP, INC., ET AL.           A-2654-08T2 
     We affirm the order granting summary judgment in favor of Citibank that dismissed all of plaintiff's claims, except the claim that Citibank employees aided and abetted looting of corporate funds by senior corporate officers at a multi-national corporation that failed in December 2003.  In doing so, we held that the trial judge properly applied the in pari delicto affirmative defense asserted by Citibank to defeat most of plaintiff's claims.  Following trial, the jury returned a verdict in favor of Citibank on the looting claim. 
     We also affirmed a series of other pre-trial, trial, and post-trial rulings and affirmed the $431,318,824.84 judgment in favor of defendant-counterclaimant Citibank.  12-22-11