Citigroup drops charges against Investcorp over US$18.9 million Revlon transfer

Citigroup drops charges against Investcorp over US$18.9 million Revlon transfer

GlobalCosmeticsNews·2020-10-20 13:01

THE WHAT? Citigroup has dropped Investcorp from the list of defendants it is suing over an accidental payment sent to a series of Revlon creditors, according to a report published by Bloomberg.

THE DETAILS The bank filed a voluntary dismissal with the court last week, revealing that it had been repaid the US$18.9 million sent to Investcorp in error.

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