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British private-equity firm Terra Firma sues Citigroup, which lent it £2.5B towards a...

Dec. 12, 2009 6:11 PM ETBy: Eli Hoffmann, SA News Editor
British private-equity firm Terra Firma sues Citigroup, which lent it £2.5B towards a bloated £4B purchase of music publisher EMI. TF says Citigroup, facing a possible busted auction, lied about the number of rival bidders in order to cement the sale and £92.5M in fees.

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