Citigroup Inc. secured court orders against Revlon Inc. creditors Symphony Asset Management, HPS Investment, and Brigade Capital Management, freezing $411.7 million that was mistakenly sent to them.
A federal judge froze $127.3 million that HPS Investment Partners LLC is retaining and $109.7 million that Symphony Asset Management LLC declined to return.
On Tuesday, the same judge issued a temporary order against Brigade Capital Management LP, freezing $174.7 million that it declined to give back.
Citigroup is suing the three firms, which held $411.7 million in Revlon debt.
The bank is seeking to recoup nearly $900 million it erroneously sent to creditors of troubled cosmetics company Revlon Inc., which includes Symphony Asset Management and HPS Investment Partners.
Citi's error raised questions about its operational resiliency, which prompted regulators to scrutinize the loan.
The bank emphasized that it quickly caught the error and was trying to recover the funds.


Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement
Spirit Airlines Gains Key Creditor Support for $500M Bailout Deal
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 



