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Guy Hands, right, claims it was wrong to pay too much for EMI by Citigroup? s David Wormsley Photo: Reuters

Closing statements were made in a runaway New York courtroom, in the last fortnight heard claims that Terra Firma founder Guy Hands have been cheated pay too much for EMI by Citi's David Wormsley.

Mr. hands alleges that, until the eve of his book of multi-billion dollar bid in May 2007, Mr. Wormsley alleged that Cerberus, a rival company, would do so knowing that it was pas.CITI rejected the allegations.

David Boies, Terra Firma, lawyer said jurors that he "does common sense" Mr. Wormsley don't know Cerberus had abandoned because the documents show that banker Citi has been kept informed process in his capacity as Advisor of the EMI.

Guaranteed yield that lasted two-and-a-half hours, Mr. Boies said that Citi was hungry generate costs from the sale of EMI and Mr. Wormsley had used his close relationship with their hands for Mr. do.

Ted Wells, Citigroup, counsel also said eight jurors in New York that all they need is their common sense.

Pointing there was no written record that Mr. Wormsley told Mr. hands that Cerberus was going to submit a tender, Mr. Wells said: "' use your good sens.Il comes to America. somebody would have written it." "He added: "the reason why it is not written is because the conversation never happened."

In an emotional style which contrasts strongly with more methodical approach to Mr. Boies, lawyer of Citi said jurors that Mr. hands has only the trial because he wanted to blame the unfortunate buy EMI decision.

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Kirsten Randell, an assistant compliance with Terra Firma, who was also responsible for drafting the minutes of the meetings of the Council, said the Court she took notes and writing the minutes of a meeting of the company Investment Advisory Committee (IAC) on Sunday, 20 May 2007 - the eve of Terra Firma is his ill-fated 5.3 ￡ 4 bid for music label.

His handwritten notes of the meeting were projected on a wall in the courtroom of Manhattan and included a line reading "other bidders - to 262 p.

Ms. Randell said jurors who, in his separate Treaty of Union a question that was requested by an individual meeting with a given response, indicating that the question of a rival offers 262 p has been discussed.

Terra Firma, the company founded by Guy Hands private investment capital, says Citi billion in damages, alleging mistaken Terra Firma to bid of 265 percent from Monday May 21 by claiming that he had a bidder rival.CITI American Bank rejects all allegations.

More specifically, the hands of Mr. alleges that he has received three calls of David Wormsley, Star a banker, Citi in London and long-time friend telling him that Cerberus, an American company, was going to make a bid of 262 p on Monday matin.M.hands admitted that there is no written record that Mr. Wormsley gave this information during the weekend.

Jay Cohen, Citigroup, lawyer pointed out other features of the Union in the IAC, Randell's difficult Ms while meeting notes they too were used to separate a question with an answer.

Ms. Randell, Australian and who worked for Terra Firma in London since September 2004, said that he had not "necessarily" bidders, but only in the case of the line.

Mr. hands is due at the end of his testimony today.

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