Terra Firma and Citigroup trade fresh blows over EMI

The UK buyout firm and the bank file new documents in a fraud suit being brought by Terra Firma against Citigroup in New York

Terra Firma and Citigroup came to fresh blows today over UK music company EMI Group after the two sides filed new court documents disputing whether a long-running fraud case being fought in New York should go ahead. Citigroup has asked for the case to be thrown out, while Terra Firma alleges that the bank's actions demand to be heard in court.

The two sides filed the documents ahead of a date in court this Friday, where Citigroup and Terra Firma are expected to find out if Citigroup's request to throw the case out has succeeded.

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