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CSFB braced for €7bn Parmalat claim

Parmalat, the scandal-hit Italian dairy group due to re-list this week, is to sue Credit Suisse First Boston for €7.1bn ($8.5bn), alleging the Swiss investment bank contributed to its collapse almost two years ago.

Parmalat is due to re-list on the Italian stock market on Thursday for the first time since it revealed a €14bn accounting black hole in December 2003.

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