Citigroup sues two more Revlon lenders in $900 million fight

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Citi mistakenly paid about $127.3 million in funds to lender HPS Investment and $109.7 million to Symphony, court documents showed.

The fresh lawsuit comes after Citigroup won a small victory on Tuesday in its battle to recoup nearly $900 million it mistakenly sent to creditors of troubled cosmetics company Revlon Inc.

Citi has said it quickly caught the payment error and was taking steps to recover the funds.

The error has drawn scrutiny from regulators who have begun looking into the loan and raised questions about the bank’s operational resiliency.