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The founder of the private company Terra Firma seeks represents up to $ (￡ 4 36bn) damages against the American Bank, claiming that it was wrong to pay too much for the company EMI Music in 2007. CITI rejects the allegations.

However, the judge Jed Rakoff threw a method of calculation of financial injury called "lost profits", which used Terra them Firma to request up to 6 $billion dommages.La method used by Marianne DeMario, Terra Firma, expert witness examined the return of Mr. hands on previous investments and calculated yield similar on money he EMI.

Explaining his decision, judge Rakoff said: "I believe that it is speculative and I also believe that the methodology is really wrong.I had many problems with sound by using the historical rate of return for a period of boom that Terra Firma. ?

5.3 ￡ 4 For one of the most historic names industry selling music only a few weeks before the striking of the financial crisis, ending in a frenzy of transactions which has generated millions of pounds for Wall Street banks.The trial in a courtroom in Manhattan, is a high profile emerging crisis debris.

Citigroup will always held to pay damages of approximately $issuers if the Board decides in favour of Terra Firma after judge Rakoff said allow another method of calculation of damages proposed by Ms DeMario.Ce system based on an estimate of the difference between that Terra Firma paid for EMI and the value of music in May 2007 with discounted cash - flow company a way of valuing companies used by capital investment privé.Les lawyers of the CITI companies argued that figure should be calculated using EMI before the beginning of the bid speculation stock prices.

Judge Rakoff ruled that "a reasonable jury could find that the methodology proposed by the defense is preferable, but it is for me a jury question, not a question from the Court."

Trial run for two weeks and is expected to last longer.

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