2nd U.S. Circuit Court of Appeals in NY Rules in Favor of Citi on Revlon Fat Finger Error
Posted on 09/08/2022
In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said the lenders had not been entitled to repayment, and were on notice that the wiring was a mistake. The ruling was in favor for Citigroup Inc in a bid to recover around $500 million of its own money that it accidentally…
