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Financier Hands' lawsuit vs Citigroup over EMI revived

Jun 01, 2013    

REUTERS - A U.S. appeals court has revived British financier Guy Hands' lawsuit accusing Citigroup Inc (C.N) of defrauding him into overpaying for music company EMI Group Ltd, a disastrous purchase that reflected the risk of buying debt-laden companies during the buyout bubble.The 2nd U.S. Circuit Court of Appeals in Manhattan overturned a November 2010 jury verdict against Hands' private equity ...

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