NEW YORK — A jury in New Jersey found in favor of Citigroup Inc. in Parmalat SpA's $2.2 billion lawsuit alleging the banking giant contributed to Parmalat's bankruptcy in 2003.

The jury granted damages of $364 million on Citigroup's counterclaims in the case in Bergen County Superior Court in New Jersey. Citigroup claimed it was a victim of a fraud by corrupt Parmalat insiders.

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