Bloomberg Law
Feb. 23, 2021, 6:22 PM

Citigroup Wants Extended Freeze on Mistaken Revlon Payments (2)

Chris Dolmetsch
Chris Dolmetsch
Bloomberg News

Citigroup Inc. will seek to extend a court order freezing more than $500 million the bank accidentally sent to Revlon Inc. creditors last summer while it challenges a ruling that it can’t recover the funds.

In a court filing Tuesday, the bank told U.S. District Court Judge Jesse Furman that it will ask him to issue an injunction putting a hold on the funds while it appeals his refusal to force a group of Revlon creditors to return the money.

Read More: Citi Loses Bid to Recoup Massive Mistake in Surprise Ruling

Furman last week rejected the bank’s attempt to ...