Milan, Oct 21 - Shares in Parmalat were suspended from trade, indicated down more than 20 percent after a U.S. jury found the Italian dairy group defrauded Citigroup in a case stemming from the group's 2003 collapse.
The New Jersey state court jury awarded the bank $364.2 million in damages on Monday after voting six-to-one that Parmalat committed fraud, negligent misrepresentation and coversion, also known as theft, in favour of Citigroup on the claim of fraud by Parmalat.
At 0709 GMT, the stock was indicated down 21.48 percent at 1.25 euros, according to Reuters data.