Bloomberg Law

Finders Keepers in Citibank's $500 Million Mistake

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Sinopsis

Chris Dolmetsch, Bloomberg Legal Reporter, discusses a judge's ruling that asset managers for Revlon lenders do not have to return half a billion dollars Citibank mistakenly sent to them, due to employee error. Adam Abensohn, a partner at Quinn Emanuel, the law firm representing the winning investment firms, discusses the decision. June Grasso hosts.