Month: June 2013

Citigroup’s Handling of EMI Music Sale To Terra Firma Ordered Back To New Trial

The Second Circuit Court of Appeals has ordered a new trial in Terra Firma’s lawsuit against Citigroup. In August 2007, the private equity firm acquired EMI for 4 billion pounds ($6.5 billion). Two years thereafter, saddled with debt, Terra Firma sued Citigroup with allegations that during the auction, a Citigroup banker named David Wormsley who…


SunTrust Files $1.9 Million Suit Against Jermaine Dupri, So So Def

Jermaine Dupri and his So So Def Productions are being sued for $1.9 million by SunTrust Banks for defaulting on a loan. Should the Grammy Award-winning producer be found at fault, he stands to lose the copyrights and royalties to many So So Def-owned songs as these were put up for collateral against the 2010…