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In the Markets: Jury clears Citi in EMI suit

By - crain, Posted on November 04, 2010

Aaron Elstein - A jury granted Citigroup a victory in a widely-followed lawsuit filed by the British private equity overlord Guy Hands, who claimed that his longtime investment bank fraudulently egged him on to bid -- and borrow -- far more for music group EMI in 2007 than it proved to be worth.

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