Citi, Revlon Lenders Reach Deal Over $500M Accidental Payment December 19, 2022 Citigroup Inc. reached an agreement with all 10 Revlon Inc. lenders it mistakenly paid about $500 million on a loan,...
Citigroup in Talks to Recoup Errant $500M Revlon Loan Payment December 2, 2022 By Jonathan Stempel Citigroup Inc. is negotiating the return of about $500 million it mistakenly paid a group of hedge funds and investment...
Citigroup Wins Appeal Over Mistaken Revlon Wire Transfer September 12, 2022 By Jonathan Stempel Citigroup Inc. is entitled to recoup about $500 million of its own money that it accidentally wired Revlon Inc. lenders...
Breach Exclusions in E&O Policy Upheld in $1.3M Money Transfer Claim June 17, 2022 By Andrew G. Simpson A company that transferred $1.3 million from a client’s payment fund in response to emailed requests from a hacker has...
Citigroup Asks Appeals Court to Let It Recoup $504M Lost in Revlon Loan Pre-Pay Error September 30, 2021 By Jonathan Stempel Citigroup Inc. on Wednesday pressed a federal appeals court to let it recoup about $504 million of its own money...
New York Finds $1B in Hidden Transfers by Purdue Pharma’s Sackler Family September 16, 2019 By Adam Geller The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves,...