Citigroup Will Not Get Back $500 Million Accidentally Wired to Revlon Lenders, Judge Rules

Citigroup (NYSE: C) made a huge error last year when it accidentally wired $900 million to several lenders of the cosmetics brand Revlon.

Now, it's really going to have to pay for that mistake.

A U.S. district court in New York recently ruled that 10 asset managers will not have to return more than $500 million they received from Citigroup by mistake, according to Bloomberg.

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Source Fool.com