petak, 05.11.2010.
Banker 'shocked' if sued by acquaintance over EMI accord
A Citigroup broker who went to the opera with the architect of a British clandestine disinterestedness close continued afterwards it purchased music aggregation EMI in 2007 said bygone he was abashed if the close sued him endure year over the deal, claiming it was tricked into overpaying.
The banker, David Wormsley, told a civilian board in United States District Court in Manhattan that he had no admonishing that Guy Hands of Terra Firma Capital Partners would sue, ambitious Citigroup accord aback what it fabricated from the US$4.9 billion EMI purchase.
Hands accused Wormsley of bluffing him into assertive Terra Firma was a part of assorted bidders for EMI in May 2007, if the close in fact was alone.Wormsley alleged the accusation a "total shock" because Hands had never told him that he anticipation he had aria to him. He said that if he aboriginal abstruse of the lawsuit, he approved to bethink the data of his role in the accretion but begin it to be a "great blur" because he had a bound role in aggravating to align financing.
He insisted that he did not apperceive that Terra Firma was abandoned in its bid until afterwards the auction. Wormsley testified that he and Hands remained accompany able-bodied afterwards Hands was notified in an email in September 2007 that Terra Firma was the alone bidder.
He said that he and Hands, forth with their spouses, went to the Royal Opera Abode in London in June 2008.
He said he aswell was arrive to Hands' home in Italy for a January 2008 amusing acquisition and to a abode affair and pheasant shoot in August 2007.
Wormsley said Hands had declared his disappointment over the EMI deal.
"He absolutely bidding abundant anxiety about whether it was traveling to be a acceptable deal," Wormsley said. "What he begin if he got in there wasn't what he expected."
Theodore Wells, Wormsley's lawyer, reminded Wormsley that he had seemed in his affidavit a day beforehand to not be able to anamnesis data about the accord dozens of times, and he appropriate it was because Wormsley had been accustomed a baby role in the deal.
"In the United Kingdom, do they accept the byword 'kicked to the kerb?"' Wells asked. Then he told Wormsley: "They pushed you out."
"That's correct," Wormsley responded.
At one point, Wells referenced the December accusation filing, asking: "No beforehand notice?"
