Monumental Mistaken Wire Transfer Case Dismissed After Restitution To Citibank By Revlon Lenders

LexisNexis (January 30, 2023, 2:50 PM EST) -- In a knockout decision, the United States Court of Appeals for the Second Circuit ordered restitution of roughly $500 million of outstanding principal mistakenly prepaid on a $1.8 billion syndicated seven-year loan to Citibank, N.A., owed by Revlon, N.A., as the borrower, to the participating lenders....