All in all, the financial giant Citigroup (Citi Bank) has transferred an error of up to 900 million dollars with a search to recover a demand. But good part of this sum will not be revealed through the fall of a Jew.
The judicial case in question is centered on pay for a total of $ 500 million that Citigroup will send in August 2020 to 10 finance companies that are part of a prize for the Revlon cosmetics company.
Everything started when Citi, who was the agent of the presbytery, sent by mistake to the members of the consortium one $ 900 million of money corresponding to capital in interest rate hikes.
This search will send only the page of interests of the Revlon presbytery, one 8 million dollars, but in exchange for sending the entire capital. These errors are due to the error, which was reported by the performers, which included Allstate Investment and Greywolf Loan Management. Some of the winners will be paid $ 500 million.
These are the days that I think Revlon was paying for his time trial, said Jesse Furman., of the New York District Court.
Debate that the accusers in the case create “of good faith and with greater justification” that the pagans eran by the complete performance of Revlon, “the clients of the accusers tienen derecho to quedarse with the diner”, dijo Furman in a case of 105 pages.
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The case, cited by the AFP agency, classified the accident as “one of the worst mistakes in banking history”.
The judge explained that if the priests receive the tenien dinar the possibility of assuming between “that Revlon has canceled the performance in place ahead of time, as have the performers in times” or that “Citibank or Revlon has transferred by mistake more than 900 million dollars (although no bank has any antecedents), series of irrational cases elects the ultimate “.
Furman says that the performance of the performers regarding the rebound tense was felt until it was revealed that Revlon was responsible for financing debt to the coronavirus pandemic.
It was signaled in its fall in a 1991 case that “without ambitions” it resolved that the New York City Council “that the banks that carry out bank transfers to good creditors correct the risk of losing if they produce an error”, dijo.
Aun así, signaled that the accusers “todavía not his necessaries free to do with the diner lo que quieran”, and signaled the possibility of appeal.
Citi, de hecho, planea appeals the decision. “We’re taking care of the funds and continuing to look for a complete recovery of them,” said Citi’s spokesman at the agency.
