Citigroup Inc reached an agreement with all 10 Revlon Inc lenders it mistakenly paid about $500 million on a loan, ending litigation of more than two years, a court document showed on Friday.
lenders it mistakenly paid about $500 million on a loan, ending litigation of more than two years, a court document showed on Friday.
Some of the recipients returned their payouts to Citi after realizing the mistake, which the U.S. bank blamed on human error, but the 10 lenders had refused, saying the bank paid what they were owed.
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