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Citigroup Gets Almost Half of $900 Million Revlon Funds Frozen

  • Brigade, HPS and Symphony refused to return Revlon payments
  • Court issues temporary orders on $412 million in fund dispute
Photographer: Victor J. Blue/Bloomberg
Updated on

Citigroup Inc. scored court orders freezing almost half of the more than $900 million it says was accidentally sent to Revlon Inc. lenders this month

A federal judge Wednesday froze $127.3 million that HPS Investment Partners LLC has refused to return and $109.7 million that Symphony Asset Management LLC is holding. The same judge on Tuesday issued a temporary order freezing $174.7 million that Brigade Capital Management LP has declined to give back.