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Monday, October 18, 2010

EMI Add

ADD EMI: After dismissing the jury for the day, U.S. District Judge Jed Rakoff, noting that Terra Firma had dubbed the EMI deal, “Project Dice,” asked Pryce, “Was this intended to convey this was a ‘dicey’ transaction?” To which Pryce replied, “No, absolutely not.” Settlement talks between Citigroup and Terra Firma broke down last week, though lawyers for both sides are expected to hold informal talks during the trial and could halt the process at any point. (10/18p)

 
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