Parretti gets ultimatum

A Delaware court has given former Metro-Goldwyn-Mayer owner Giancarlo Parretti two weeks to return from Italy for sentencing on a conviction of perjury and evidence tampering.

A warrant for Parretti’s arrest was issued after he failed to appear for sentencing on Jan. 6. Parretti’s lawyer said arrangements were being made for his return. Parretti faces a prison term of up to 10 years. He could also lose $100,000 bail secured by real estate in California.-Reuters

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