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TERRA FIRMA HAS SUED CITIGROUP OVER EMI DEAL

December 14th, 2009 · No Comments

Via: Daily Swarm British equity firm Terra Firma Investments has sued Citigroup Inc., claiming it paid a “fraudulently inflated price” of 4 billion pounds for EMI‘s label and music publishing interests in 2007 as a result of misrepresentations made by the lender. In the action, filed Friday in New York Supreme Court, Terra Firma claims [...]

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