At the conclusion of a six-day trial over a mistaken $900m payment by Citigroup to lenders of Revlon, a federal judge and lawyers on the case focused on what the recipients knew or suspected soon after they were paid.
The lawsuit filed by Citi against several hedge-fund managers to recover money from the erroneous August payment ended on 16 December with no decision from Judge Jesse Furman of the US District Court in New York.
