Citigroup Prevails at Terra Firma’s EMI Sale Trial Nov. 5

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Nov. 5 (Bloomberg) -- Citigroup Inc. prevailed at trial against a multibillion dollar lawsuit by Terra Firma Capital Partners Ltd. and its Chairman Guy Hands, who claimed he was tricked by the bank into overpaying for EMI Group Ltd. in 2007. A federal jury in Manhattan federal court reached its 8-0 verdict yesterday after less than a day of deliberations and a 2 1/2 week trial. Bloomberg's Monica Bertran reports. (Source: Bloomberg)

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