Citigroup Inc. secured court orders against Revlon Inc. creditors Symphony Asset Management, HPS Investment, and Brigade Capital Management, freezing $411.7 million that was mistakenly sent to them.
A federal judge froze $127.3 million that HPS Investment Partners LLC is retaining and $109.7 million that Symphony Asset Management LLC declined to return.
On Tuesday, the same judge issued a temporary order against Brigade Capital Management LP, freezing $174.7 million that it declined to give back.
Citigroup is suing the three firms, which held $411.7 million in Revlon debt.
The bank is seeking to recoup nearly $900 million it erroneously sent to creditors of troubled cosmetics company Revlon Inc., which includes Symphony Asset Management and HPS Investment Partners.
Citi's error raised questions about its operational resiliency, which prompted regulators to scrutinize the loan.
The bank emphasized that it quickly caught the error and was trying to recover the funds.


Syrah Resources and Tesla Extend Deadline on Graphite Supply Dispute to March
Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling
Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10%
Microsoft Strikes Landmark Soil Carbon Credit Deal With Indigo Carbon to Boost Carbon-Negative Goal
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales
xAI Restricts Grok Image Editing After Sexualized AI Images Trigger Global Scrutiny
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability
Anthropic Appoints Former Microsoft Executive Irina Ghose to Lead India Expansion
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition
Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York
Walmart International CEO Kathryn McLay to Step Down After Two and a Half Years
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi 



