Citibank’s Costly Mistake: Round Two
An earlier post reported on the New York application of the “discharge-for-value rule” with respect to a payment made in error to the creditors of Revlon by Citibank the loan administrator. In that case, In Re Citibank August 11, 2020 Wire Transfers, the District Court for the Southern District of New York applied the rule as set forth in Banque...