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Hands says Citigroup should face new trial

Hands

Exactly four years after suing Citigroup for allegedly defrauding him into buying music company EMI Group, British financier Guy Hands said the bank has no grounds now to deprive him of his day in a U.S. court.

Citigroup seeks dismissal of 'legal tourism' case

Citi Building Sign

British financier Guy Hands is engaging in 'legal tourism' by pursuing a U.S. lawsuit accusing Citigroup bankers of defrauding him into overpaying for music company EMI Group, and his case should be dismissed because it does not belong in the United States, the bank said on Wednesday.

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