Citigroup Inc. reached an agreement with all 10 Revlon Inc. lenders it mistakenly paid about $500 million on a loan, ending litigation of more than two years, a court document showed on Friday. Citigroup, as Revlon’s loan agent, had accidentally …
Citigroup Inc. is negotiating the return of about $500 million it mistakenly paid a group of hedge funds and investment firms on a loan owed by Revlon Inc., the now-bankrupt cosmetics company controlled by billionaire Ronald Perelman. In a Thursday …
Citigroup Inc. is entitled to recoup about $500 million of its own money that it accidentally wired Revlon Inc. lenders three years early, a U.S. appeals court said on Thursday. Reversing a lower court ruling, the 2nd U.S. Circuit Court …
A company that transferred $1.3 million from a client’s payment fund in response to emailed requests from a hacker has lost its bid for insurance to cover the loss. Pennsylvania-based Construction Financial Administration Services (CFAS) argued that the money error …
Citigroup Inc. on Wednesday pressed a federal appeals court to let it recoup about $504 million of its own money that it accidentally wired Revlon Inc. lenders, saying its mistake did not entitle them to a huge windfall. The bank’s …
The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, New York’s attorney general contends in court papers filed Friday. New York – asking a judge to enforce subpoenas of …
