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When "Six Eyes" Just Aren't Enough | Cadwalader, Wickersham & Taft LLP

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On February 16, 2021, the United States District Court in the Southern District of New York (the “
Court”) issued a decision
In Re Citibank August 11, 2020 Wire Transfers that upheld the “discharge for value” doctrine and ruled that certain lenders (the “
Defendants”) were entitled to retain funds erroneously sent by the administrative agent (the “
Plaintiff”) under a credit facility to which the Defendants were a party. The decision largely relied upon the application of the facts in this case to precedent established in a 1991 New York Court of Appeals case (
Banque Worms v. BankAmerica International) involving a mistaken wire transfer of $2 million. ....

New York , United States , Revlon Inc , Calumet Farm Inc , Wickersham Taft , United States District Court , York Court , Us District Court , Winmar Inc , See Us District Court , Bankamerica International , See Qatar Natl Bank , Southern District , Banque Worms , America International , Roll Up Lenders , Roll Up Transaction , New York Case , America Int L , Seein Re Citibank August , Qatar Natl Bank , Calumet Farm , Unjust Enrichment , Calculation Statements , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் ,

When "Six Eyes" Just Aren't Enough - Finance and Banking

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On February 16, 2021, the United States District Court in the
Southern District of New York (the
Court ) issued
a decision
1 that upheld the
discharge for value doctrine and ruled that certain
lenders (the
Defendants ) were entitled to retain
funds erroneously sent by the administrative agent (the

Plaintiff ) under a credit facility to which the
Defendants were a party. The decision largely relied upon the
application of the facts in this case to precedent established in a
1991 New York Court of Appeals case (
Banque Worms v. ....

New York , United States , Revlon Inc , United States District Court , York Court , District Court , Us District Court , Winmar Inc , See Us District Court , Bankamerica International , See Qatar Natl Bank , Southern District , Banque Worms , Roll Up Lenders , New York Case , Bankamerica Int L , Seein Re Citibank August , America Int L , Qatar Natl Bank , Calumet Farm , Calculation Statements , When Quot Six Eyes Just Aren Amp 39t Enough , Finance And Banking , Debt Capital Markets , Financial Services , Fund Management Reits ,

SDNY Decision in Re: Citibank Wire Transfer Litigation

SDNY decision In Re Citibank August 11, 2020 Wire Transfers that upheld the discharge for value doctrine and ruled that certain lenders were entitled to retain funds erroneously sent by the administrative agent under a credit facility to which the Defendants were a party. ....

New York , United States , Revlon Inc , Calumet Farm Inc , United States District Court , York Court , Us District Court , Winmar Inc , See Us District Court , Bankamerica International , See Qatar Natl Bank , Southern District , Banque Worms , America International , Roll Up Lenders , Roll Up Transaction , New York Case , America Int L , Seein Re Citibank August , Qatar Natl Bank , Calumet Farm , Unjust Enrichment , Calculation Statements , In Re Citibank , Wire Transfer Litigation , Discharge For Value ,

A botched wire transfer resulted in 'one of the biggest blunders in banking history'

A botched wire transfer resulted in one of the biggest blunders in banking history
Feb 18, 2021, 11:57 AM
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The tower of Citigroup is pictured beside that of One Canada Square, in the Canary Wharf financial district on the Isle of Dogs, December 22, 2019 in London, England. (Photo by Jim Dyson/Getty Images)
A federal judge ruled on Tuesday Citigroup would not be able to recoup its $501 million mistake.
The New York judge s ruling calls the accident one of the biggest blunders in banking history.
We read through the 101-page court document to find four key takeaways.
A federal judge ruled Tuesday that Citigroup will not be able to recoup half a billion dollars of its own money that accidentally sent to Revlon creditors in a financial transaction gone awry last year. ....

New York , United States , United Kingdom , City Of , Jim Dyson Getty , Adam Abensohn , Quinn Emanuel , Jesse Furman , Bank America Intl , One Canada Square , Canary Wharf , Getty Images , Tuesday Citigroup , Banque Worms , America Int L , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , ஜிம் டைசன் கெட்டி , க்வின் இமானுவேல் , ஜெஸ்ஸி ஃபர்மேன் , சிட்டி வங்கி , வங்கி அமெரிக்கா இந்தில் , சிட்டி குழுமம் , ஒன்று கனடா சதுரம் ,

A botched wire transfer resulted in 'one of the biggest blunders in banking history.' Here are 4 key takeaways from Citigroup's $893 million mistake.

A botched wire transfer resulted in 'one of the biggest blunders in banking history.' Here are 4 key takeaways from Citigroup's $893 million mistake.
businessinsider.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessinsider.in Daily Mail and Mail on Sunday newspapers.

New York , United States , Adam Abensohn , Quinn Emanuel , Jesse Furman , Bank America Intl , Banque Worms , America Int L , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , க்வின் இமானுவேல் , ஜெஸ்ஸி ஃபர்மேன் , சிட்டி வங்கி , வங்கி அமெரிக்கா இந்தில் , சிட்டி குழுமம் , பாங்க் புழுக்கள் , அமெரிக்கா எண்ணாக ல் ,