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Join the Securities Litigation and Enforcement Group on LinkedInCitibank Loses Bid to Recall $500 Million in Mistaken Repayment of Revlon Loan – The New York Times
It was one of the worst Wall Street mishaps in years: Citigroup accidentally wired $900 million last year to a group of lenders locked in a bitter dispute with the beauty company Revlon. On Tuesday, a federal judge ruled that the recipients don’t have to have to return the cash. Source: Citibank Loses Bid to […]