British financier Guy Hands has ended his long-running U.S. lawsuit accusing Citigroup Inc of defrauding him into buying music company EMI Group Ltd , but he retained the right to pursue the case in England. In a Friday filing with the U.S. district court in Manhattan, Citigroup and Hands' private equity firm, Terra Firma Capital Partners, jointly agreed to the voluntary dismissal of the U.S. case, "without prejudice to plaintiffs' rights to re-file those claims in England."
Citigroup Inc. (Citigroup) is a global diversified financial services holding company whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Shares of C fell by 0.34% or $-0.17/share to $49.54. In the past year, the shares have traded as low as $41.60 and as high as $55.28. On average, 26174800 shares of C exchange hands on a given day and today's volume is recorded at 18158368.
Terra Firma Capital Corporation (Terra Firma) is a real estate finance company that provides customized equity and debt solutions to the real estate industry. Shares of TII traded higher by 11.11% or $0.05/share to $0.50. In the past year, the shares have traded as low as $0.20 and as high as $0.55. On average, 14472 shares of TII.V exchange hands on a given day and today's volume is recorded at 12325.
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