Several Revlon creditors want to enlist an expert to share his opinion on whether they should have known that a $900 million payout from Citigroup was a mistake, Bloomberg reported. On Wednesday (Sept. 16), the creditors, who were sued by Citigroup to recover the money,...
In an unusually public feud, Citigroup is engaged in a squabble with a creditor over the mistaken $900 million Revlon payments from earlier this year and the possible motivations for what happened, The Wall Street Journal (WSJ) reports. The disagreement began when Brigade Capital Management,...
Citigroup‘s request to freeze around $175 million in funds that were paid to hedge fund manager Brigade Capital Management by mistake has been granted by a judge, The Wall Street Journal (WSJ) reports. Citi wired $900 million owed by Revlon to various lenders that have...
Citigroup Inc. has asked a federal judge to order Brigade Capital Management LP to return $176 million accidentally paid to the New York-based global investment firm. The BBC reported the lawsuit, filed in the Southern District of New York Court, said Citigroup intended to send...
December 10, 2023
A group of investors reportedly wants to make department store chain Macy’s a private company. Real estate investment firm Arkhouse Management and Brigade Capital Management, a global asset manager, made a $5.8 billion bid for shares of the company they don’t own, The Wall Street Journal (WSJ) reported Sunday (Dec. 10), citing sources familiar with […]
September 16, 2020
Several Revlon creditors want to enlist an expert to share his opinion on whether they should have known that a $900 million payout from Citigroup was a mistake, Bloomberg reported....
September 07, 2020
In an unusually public feud, Citigroup is engaged in a squabble with a creditor over the mistaken $900 million Revlon payments from earlier this year and the possible motivations for...
August 18, 2020
Citigroup‘s request to freeze around $175 million in funds that were paid to hedge fund manager Brigade Capital Management by mistake has been granted by a judge, The Wall Street...
