Latest Breaking News On - Tall tree investment management - Page 1 : comparemela.com

Less than a month after a New York judge ruled that lenders accidentally repaid by Citigroup could keep their money, Citi is trying to stop the firms from using it.   On Tuesday, the investment firm filed a request asking the judge to require the lenders to freeze the transferred funds until Citi files an appeal to a higher court.   According to Citi’s filing, “the money represents a lottery-like windfall of hundreds of millions of dollars [for the lenders]. They were not expecting to receive this money for several years, if at all.”  The filing refers Citi’s “mistaken” repayment of a $900 million loan for cosmetics maker Revlon. The bank had acted as an intermediary between Revlon and the lenders. Although Revlon hadn’t transferred the $900 million to Citi, the bank which said it was intending only to pay the interest due to the lenders repaid the loan in full, court records show.  

New yorkUnited statesJesse furmanHighland capital management fund advisorsZais groupYork southern district courtBrigade capital managementBardin hill loan managementInvestcorp credit managementGreywolf loan managementAllstate investment managementMedalist partners corporate financeTall tree investment managementNew generation advisorsHighland capital management fundபுதியது யார்க்