The Citigroup (NYSE: C) mistaken-payment saga continued to develop on Wednesday, as the big lender filed two new lawsuits in the dispute, managing to get the amounts at issue frozen. The targets are HPS Investment Partners and Symphony Asset Management, both of which are refusing to return their portions of the $900 million Citigroup paid them last week.
Citigroup's massive payment was the result of a human error, according to the bank. It occurred one day after a clutch of companies that combined to provide a $1.8 billion loan to troubled Revlon (NYSE: REV) sued the cosmetics company over that facility. HPS and Symphony are among those creditors; the agent for the loan, provided in 2016, was Citigroup.
Image source: Getty Images.