EMI’s Owners Lose Court Case Against Citigroup
Posted by Bram Teitelman on November 5, 2010
In a ruling that’s a blow to one of the remaining four major label groups, private equity group Terra Firma has lost its court case against Citigroup accusing the bank of tricking them into overpaying for label group EMI in 2007. Terra Firma’s owner Guy Hands paid $4 billion for the company, with Citigroup providing […]