A federal judge granted Citigroup Inc.’s request to freeze roughly $175 million the bank said it paid hedge-fund manager Brigade Capital Management LP by mistake on a loan owed by troubled cosmetics company Revlon Inc.
Brigade has taken the position it isn’t obligated to return the money it received last week, its share of a nearly $900 million loan payment owed by Revlon.
The...
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August 19, 2020 at 02:51AM
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Citi Wins Freeze of Hedge Fund’s $175 Million Revlon Loan Payment - Wall Street Journal
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