Net News search results for: terra firma
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October 28, 2010
Citigroup's Wormsley Testifies Guy Hands Had 'Immediate Regrets' Over EMI Purchase
CITIGROUP banker DAVID WORMSLEY was back on the stand in a MANHATTAN courtroom YESTERDAY (10/27), and testified that TERRA FIRMA CEO GUY HANDS "had regrets that the acquisition was going to prove a bust shortly after it was inked in AUGUST of that … more »
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October 27, 2010
At EMI Trial, Citigroup's David Wormsley Spins His Side Of Events
Accusations continued to fly in a MANHATTAN courtroom YESTERDAY (10/26) in the ongoing trial between EMI owner TERRA FIRMA and CITIGROUP, who financed the purchase of the music label in 2007. THE NEW YORK POST reports, "After TERRA FIRMA boss GUY … more »
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October 26, 2010
The EMI Trial Resumes In A Manhattan Court
The trial between TERRA FIRMA and CITIGROUP over the circumstances surrounding the purchase of EMI in 2007, continued in a MANHATTAN court YESTERDAY (10/25). TERRA FIRMA CEO GUY HANDS is claiming he was hoodwinked by his lender when he purchased EMI … more »
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October 21, 2010
Day Three Of Guy Hands Vs. Citigroup Gets Testy
It was day three in U.S. District Court in MANHATTAN YESTERDAY (10/20), with EMI owner GUY HANDS taking on CITIGROUP, the bank that funded the $4.71 billion in loans to finance the $6.7 billion EMI acquisition in 2007. During TUESDAY's testimony (NET … more »
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October 20, 2010
Guy Hands Testifies He Was 'Tricked' Into Buying EMI
TERRA FIRMA CAPITAL PARTNERS CEO GUY HANDS testified in U.S. District Court in MANHATTAN YESTERDAY (10/19) that his firm would not have bid on EMI if he'd known there were no other bidders. At day two of the trial between HANDS and CITIGROUP (NET NEWS … more »
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October 18, 2010
The Battle Over EMI Heads To Court Today
TODAY (10/18) is the day EMI owner and TERRA FIRMA CEO GUY HANDS and CITIGROUP INC. begins in a NEW YORK courtroom over the disputed $6.5 billion takeover of EMI (NET NEWS 10/14). HANDS' equity firm took over the music label in a highly leveraged … more »
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October 14, 2010
Guy Hands And Citigroup Are Back In Court Monday
Beginning MONDAY, OCTOBER 18th, a battle between TERRA FIRMA CEO GUY HANDS and CITIGROUP INC. begins in a NEW YORK courtroom over the ongoing dispute over the $6.5 billion takeover of EMI. HANDS' equity firm took over the music label in a highly … more »
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September 15, 2010
Terra Firma Wins This Round In EMI Court Case
TERRA FIRMA Chief GUY HANDS won a round in court YESTERDAY (9/14) in his ongoing battle with CITIGROUP over the future of EMI. YESTERDAY's ruling by NEW YORK Judge JED RAKOFF, gave HANDS the right to have allegations of fraud against CITIGROUP to proceed … more »
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September 8, 2010
Citigroup Asks For Summary Judgement In EMI Battle
CITIGROUP has asked a federal judge to grant summary judgment in its favor and forgo a drawn-out trial in their ongoing legal battle with TERRA FIRMA over EMI. THE NEW YORK POST reports "the two parties have been locked in a legal dust-up, with … more »
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August 19, 2010
Report: Terra Firma Wants To Settle With Citigroup
TERRA FIRMA Chief GUY HANDS has reportedly approached CITIGROUP "about settling their legal battle over the firm's purchase of music giant EMI and restructuring billions of debt," reports THE NEW YORK POST. "Lawyers for TERRA FIRMA have … more »