EMI case turns on "worm".
Mr. Wormsley spent the eighth day trial high profile refutes the allegations made by Terra Firma Photo: REUTERS
"My father was born in Germany and his name was to", the 50 - year old told the Court. After fleeing the Germany for Great Britain at the end of the 1930s, M. Wormsley said, his father changed its name."I now take the nickname as a sign of disease rather than nothing pejorative,", he ajouté.Le nickname appeared earlier in an email shown by lawyers from the hands of Mr. jury.
Mr. Wormsley spent the eighth day trial high profile refutes allegations by Terra Firma capital private investment company founded by Mr. Hands, that he had mistaken it in insufficient for the company EMI Music in May 2007.
The Court has shown e-mails between April 2007 and Citi banker John Gildersleeve, then President of the EMI, in which Mr. said that he and Greenhill, a boutique, investment bank Gildersleeve manage auction label music. ""I've played a junior role in the transaction", Mr. Wormsley told the Court.
Terra Firma alleges that Mr. Wormsley misled Mr. hands suggest that rival bidder for EMI that Citi amounted to make million in costs. CITI rejects the allegations.
Case will decide the fate of the EMI and define the reputation of the two men who were once friends and worked to £ 35bn transactions.demandé by counsel for Citi, Ted Wells, his relationship with Mr. Hands, Mr. Wormsley described his former client as an individual "big ego" whose "capable of thinking outside area has been one of the reasons why was such a success.
Sales of £ 4 for EMI 5.3 was one of the last before the financial crisis and the Citi sought to emphasize their contention that Mr. Wormsley lawyers played a minor role in the agreement. ""He (2007) was one of the most busy career moments", said Mr. Wormsley. ""This was just before the banking crash and there was an enormous amount of available for transactions in debt".
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