Braden Perry Quoted in Bloomberg Article on Citi Facing ‘Finders Keepers’ in Fighting $500 Million Ruling
As Citigroup Inc. attempts to recover $504 million it accidentally sent to asset managers for Revlon Inc., a 30-year-old legal precedent is making it difficult to get the half billion-dollar decision overturned. Last summer, instead of making an interest payment as administrative agent on the Revlon loan, Citibank paid the full outstanding $900 million out