Citi Judge Questions Jurisdiction In 'Mistake' Transfer Case

Law360 (December 2, 2020, 11:03 PM EST) -- A New York federal judge said on Wednesday that he had "regrettably" overlooked a potential jurisdictional problem in Citibank NA's suits over a $900 million "mistake" payment that was made to Revlon Inc. lenders.

In a brief two-page order, U.S. District Judge Jesse M. Furman said Citibank hasn't established that the Southern District of New York has subject-matter jurisdiction in its three lawsuits against Brigade Capital Management LP, HPS Investment Partners LLC, Symphony Asset Management LLC and other investment companies.

"In preparing for trial, the court has come to the conclusion that there is a potential jurisdictional problem that, regrettably, the...

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