Citibank is asking a bankruptcy judge to recognize what it says Revlon won't: a $500 million debt.
. Now it wants to use another legal concept — subrogation — to ensure it can claw back at least some of that money from Revlon.Citi didn't lend Revlon the money. Instead, it accidentally and unilaterally paid off a group of Revlon lenders. Citi is still trying to get its money back from those lenders, but itWhat they're saying:
"It has become crystal clear that the Revlon Group and other constituencies have refused to acknowledge Citibank’s subrogation rights," says Citi in its lawsuit, adding: "As of the date of this filing, Citibank is subrogated to the rights of the Non-Returning Lenders. Period.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Biden administration cancels $3.9 billion in ITT Tech student debtThe announcement is the administration's latest effort to crack down on for-profit colleges, while millions of other borrowers await word on Biden's broader plans for student loans.
Lire la suite »
44 Celebs That Are So Rich They Make Having $1 Million Dollars Look PoorIf anyone on this list wants to pay off my student loans, I'd be grateful!
Lire la suite »
Chip Cookies looks to expand operations, receives Salt Lake City development loanSalt Lake City leaders are hoping that their next business loan will have a sweet return.
Lire la suite »
Blood abnormalities found in people with Long CovidAn ambitious study of people with LongCovid, the mysterious, disabling symptoms that can trail a SARSCoV2 infection, has turned up a host of abnormalities in their blood.
Lire la suite »
Angelina Jolie's FBI Lawsuit Reveals Details About Brad Pitt's Alleged Domestic Violence IncidentMore details of Angelina Jolie and Brad Pitt's divorce are coming to light. The lawsuit documents an alleged domestic violence incident between the couple.
Lire la suite »
Biden signs climate, health care legislation; over-the-counter hearing aids; remembering Elvis Presley | Hot off the Wire podcastGet the latest news on Hot off the Wire, our daily news podcast.
Lire la suite »