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"I said, how can you restructure fraud?
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A group of banks sued the insurer, accusing it of fraud when it restructured.
It was taken over in 1999 by WorldCom, became tangled in a historic accounting fraud and was restructured in bankruptcy.
He also countered criticism, such as that raised by Lawrence Tomlinson, an adviser to Vince Cable, that there was systemic fraud inside its restructuring division and admitted that the bank had got off to a "slow start" in dealing with claims about interest rate swap mis-selling.
It would also be HCA's first Kansas City presence since its restructuring amid a wide-ranging federal fraud investigation in the late 1990's.
For this, UBS paid $780 million in fines to the IRS and was forced to restructure its business on a model that no longer creates incentives for tax fraud.
"The original verdict made clear that Terra Firma's baseless accusations of fraud were simply an attempt to gain leverage in debt restructuring negotiations".
"The original verdict made clear that Terra Firma's baseless accusations of fraud were simply an attempt to gain leverage in debt restructuring negotiations," the bank said.
The jury's verdict makes clear that Terra Firma's irresponsible accusations of fraud were nothing more than a misguided attempt to gain leverage in debt restructuring negotiations".
A Citigroup spokeswoman said in a statement that the verdict "makes clear that Terra Firma's irresponsible accusations of fraud were nothing more than a misguided attempt to gain leverage in debt restructuring negotiations".
Sure, fraud is fraud.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com