Suit Accuses Citigroup of Fraud in EMI Deal
New York Times - Fri Dec 11, 10:20 pm ETTerra Firma, the British private equity firm, sued Citigroup on Friday, accusing the bank of fraud in its handling of the 2007 sale of the music publisher EMI.
7203 Stories, most recent news story added 1 hour 51 minutes ago
Terra Firma, the British private equity firm, sued Citigroup on Friday, accusing the bank of fraud in its handling of the 2007 sale of the music publisher EMI.
Private equity firm Terra Firma sued Citigroup Inc, accusing the bank of fraud in connection with Terra Firma's purchase of music business EMI Group in 2007, court documents filed on Friday in New York showed.
Terra Firma , the private equity firm run by British financier Guy Hands, sued Citigroup in a New York state court on Friday over its 2007 takeover of EMI , an expensive deal made at the top of the private equity boom that has since soured.
Two senior Citigroup executives told a group of investors the bank will only pay back government funds this month if it is comfortable with regulators' demands and market conditions, two people at the meeting said.
Dec. 12 (Bloomberg) -- Citigroup Inc. was sued over the 2007 acquisition of EMI Group Ltd. by private-equity firm Terra Firma Capital Partners Ltd., which said the bank misrepresented that another firm was bidding on the record company.
Dec. 11 (Bloomberg) -- Citigroup Inc. was sued over the 2007 EMI Group Ltd. acquisition by private-equity firm Terra Firma Capital Partners Ltd., which said the bank misrepresented that another firm was bidding on the record company.
Call it the "I'm an idiot and you're to blame" defense. Terra Firma, the private-equity firm run by Guy Hands, yesterday sued Citigroup for fraud over its 2007 purchase of record label EMI Group for more than $4 billion. Terra Firma and Citigro...
Can the U.S. collect its paper gain on Citigroup shares?
Citigroup shares were rising early Friday amid speculation this week that the company is prepping an equity offering in order to repay TARP funds.
A U.S. court last year secretly froze more than $2 billion allegedly held for Iran in Citigroup Inc accounts, the Wall Street Journal reported on Saturday, citing legal documents.
Zacks Analyst Blog Highlights: Citigroup Inc., Bank of America Corp., Wells Fargo & Co., Goldman Sachs Group Inc. and JPMorgan Chase & Co.
Dec. 11 (Bloomberg) -- Nakheel PJSC’s bond due Dec. 14 rose to 54.125 cents on the dollar at 8:29 a.m. in London, the highest intraday price since Dec. 7, from 51.625 cents yesterday, Citigroup Inc. prices show.
Wall Street analysts give their buy, sell, or hold views on various stocks in the news this week
The Obama administration's pay czar is limiting to $500,000 the cash compensation for executives at companies that received the largest taxpayer bailouts.
Citigroup Inc is talking with the U.S. government about paying back its bailout money, but it is not clear whether a deal is imminent, a person familiar with the matter said on Thursday.
Citigroup Inc is talking to the U.S. government about paying back its bailout money, but it is not clear if a deal is imminent, a person familiar with the matter said on Thursday.