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Terra Firma v Citi: The Remix

The original was a classic. Terra Firma's £2.5 billion lawsuit against Citigroup in New York over the buyout firm's disastrous investment in music company EMI – home of artists from The Beatles to The Beastie Boys – was one of the largest lawsuits the industry has seen.

UK remix: Terra Firma and Citigroup are set for a fresh court battle over EMI
UK remix: Terra Firma and Citigroup are set for a fresh court battle over EMI Photo: iStock

The original was a classic. Terra Firma's £2.5 billion lawsuit against Citigroup in New York over the buyout firm's disastrous investment in music company EMI – home of artists from The Beatles to The Beastie Boys – was one of the largest lawsuits the industry has seen.

Terra Firma lost that suit, but then won the right to a new hearing. Get ready for the remix. Starting on June 7, many of the same arguments - and some new ones - will be heard in a court in London.

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