Quantcast

Terra-Citi suit to proceed

THE SHOW MUST GO ON: Terra Firma’s suit against Citigroup will go to trial, U.S. District Judge Jed S. Rakoff ruled late Tuesday, the Wall Street Journal reports. Although Rakoff dismissed Terra's claims for tortious interference and negligent misrepresentation, he allowed claims of fraudulent misrepresentation and fraudulent concealment to proceed. "We are pleased that Judge Rakoff has rejected Citi's attempt to avoid a trial on both of Terra Firma's fraud claims," a Terra spokesman said in a statement. Citi said in a statement of its own that it was pleased the judge had dismissed two of Terra's claims: "We believe this case is entirely without merit, and we are confident that Citi will prevail at trial on the remaining two claims.” The judge set trial for Oct. 18 and indicated he would issue a lengthier opinion at a later date. (9/15a)

TOP 20: HOUSE
ON A HILL
Harry is popular. (5/26a)
SONG REVENUE: HIGHFLIERS
A combined 30 of 50 (5/26a)
NEAR TRUTHS:
SAFE KEEPING
What's the big deal? I.B. Bad has the answers. (5/26a)
STRINGER TOUTS SONY MUSIC TO SHAREHOLDERS
Rob lays out the company strategy (5/26a)
EVP STRIPES FOR UMe'S MURTHY
A total pro gets her due. We bow down. (5/26a)
SUPERSTAR RELEASES
Who's next?
MUSIC BIZ SPECIAL
It's Comic-Con for numbers geeks.
THE BIG CHEESE
Theories of evolution from 30,000 feet.
THE NEXT GIANT DEAL
A&R in overdrive.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)