Terra Firma To Appeal Pro-Citi Verdict In EMI Suit

Law360, New York (January 11, 2011, 3:03 PM EST) -- British private equity firm Terra Firma Capital Partners Ltd. plans to appeal a federal jury's November verdict that dashed its hopes for compensation from Citigroup over its £4 billion ($6.2 billion) purchase of music firm EMI.

The firm filed a notice of appeal Monday in the U.S. District Court for the Southern District of New York.

“The appeal will challenge legal rulings made by the court in the litigation,” the firm said in a statement. “Terra Firma remains committed to working on a resolution for EMI...
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