Cerberus Capital Management related stories
All articles and analysis
New Jersey barters carry cut from TenexThe $70bn pension negotiated carry down to 16% on Cerberus spin-out Tenex Capital Management’s debut fund. Tenex is led by Michael Green.
- Judge nixes Terra Firma’s £3.9bn damages claim
The amount of damages Terra Firma might have collected in its fraud case against Citi - up to £7 billion - was reduced last week when the judge threw out the firm's claim of “lost profits” from its EMI investment.
- Judge dismisses juror in Terra Firma trial
Judge Jed Rakoff dismissed a juror Tuesday for discussing the trial a day before closing arguments in Terra Firma's case against Citi.
- News analysis: Hands and Wormsley at the door
The jury deciding Terra Firma’s trial against Citi began deliberations late Wednesday. The day included an uncomfortable encounter between David Wormsley (pictured) and Guy Hands.
- Wormsley accuses Hands of lying
Citi banker David Wormsley was on the witness stand Tuesday, and accused Terra Firma head Guy Hands of falsely using his name to try and test a low bid for EMI in 2007.
- EMI loans deemed 'troubled' on day deal closed
A senior credit officer at Citi warned the bank's loans to Terra Firma's 2007 buyout of EMI could be a 'huge loss', and revealed Citi viewed the loans as troubled from the start.
- Wormsley: EMI investment not my fault
Citi banker David Wormsley was on the witness stand Wednesday, where he denied all allegations of misleading Guy Hands into overpaying for EMI in 2007.
- Hands gets warned, attacks the FT
Terra Firma head Guy Hands said Friday he ignored information the Financial Times had that Cerberus had dropped out of the EMI auction because the newspaper ‘gets things wrong on a completely consistent basis’.
- Hands' lawyer: Citi banker has loose lips
In an effort to discredit Citi banker David Wormsley, Terra Firma attorney David Boies attacked him for allegedly disclosing ‘confidential’ information in the past.
- Terra Firma trial kicks off in New York
The Guy Hands-led firm is suing its financial advisor Citi for allegedly tricking it into buying EMI for £4 billion. Citi argues Hands is looking for a scapegoat for the struggling investment.