Citigroup Inc. widened its effort to claw back money it wired to Revlon Inc. lenders, suing more investment firms that say they don’t believe a major financial institution sent them portions of a $900 million payment by mistake, WSJ Pro Bankruptcy reported. The bank said that it wrongly sent $127.3 million to HPS Investment Partners LLC and $109.7 million to Symphony Asset Management LLC and wants a New York federal court to force them to return the money. The bank has blamed human error for the transactions, which fully paid off a loan issued by Revlon in 2016 out of the bank’s own funds. Citi had already sued Brigade Capital Management LP and on Tuesday won a temporary restraining order freezing the hedge fund’s share of the loan payment, roughly $175 million. Brigade, HPS and Symphony aren’t conceding there was a mistake, suggesting the payment may have been intentional and questioning how Citi could have transferred such a huge sum in error.
