UK Financier Says It's His Word Against Citi's In EMI Suit

Law360, New York (October 20, 2010, 6:39 PM EDT) -- Terra Firma Capital Partners Ltd. founder Guy Hands acknowledged in court Wednesday that he lacked hard evidence of any conversations in which a Citigroup Inc. executive tried to manipulate the private equity firm into overpaying for music company EMI Group Ltd.

Hands, the Terra Firma principal, testified during a jury trial over the deal in the U.S. District Court for the Southern District of New York that he had no documentation of any conversations in which Citi executive David Wormsley purportedly lied and said that Cerberus...
To view the full article, register now.