Citi plans appeal after losing battle to recoup over $500 million in Revlon loan lawsuit

By Michelle D'souza

Citibank has lost a lawsuit to recoup $504.1 million from Revlon lenders, having ‘mistakenly’ wire-transferred over $900 million to them last year

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TAGS: Law suits CLO Citi North America

Comment by: Sayed Kadiri. Posted 3 years ago [2021-02-17 16:41:16]

According to CLO-i, the following managers were holding the 2016 loans in July and August: Acis, Aegon, Allstate, Apex, Assured (Fuji), Bardin Hill, Benefit Street, Brigade, Canaras, Carlyle, CIFC, Ellington, First Eagle, Greywolf, HPS, Investcorp, KKR, Medalist, MJX, Napier Park, Nuveen, Octagon, Tall Tree, Z Capital and Zais

Comment by: Anonymous. Posted 3 years ago [2021-02-17 15:11:31]

Time to call your E&O broker.

Comment by: Anonymous. Posted 3 years ago [2021-02-17 14:44:03]

Bad day to be a manager that gave the money back

Comment by: Anonymous. Posted 3 years ago [2021-02-17 14:09:21]

Where is the list of CLOs that gave this money back?