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Terra Firma gets new trial over EMI deal

In 2010 a jury found that Citi was not gulity of fraud in the EMI buyout

Terra Firma Capital Partners won a new trial today over its claims that it was deceived by Citigroup into bidding for British music company EMI.

The US Second Circuit Court of Appeals tossed the jury verdict from a 2010 trial, saying the judge in the case erred in his instructions to the jury.

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