(L-R)Hogan Lovells appellate partners Neal Katyal and Sean Marotta. Courtesy photos Litigators of the Week: Hogan Lovells Flips Citi's Big Loss Over a Half a Billion Bucks in Mistakenly Wired Funds
In a case that had the financial services world abuzz, Hogan's Neal Katyal and Sean Marotta got a unanimous decision from the Second Circuit finding New York's "discharge for value" rule didn't allow the recipients of $500 million to keep the funds that Citibank mistakenly wired.
September 16, 2022 at 07:30 AM
15 minute read
If you wake up to unexpectedly find millions of extra dollars in your bank account, you might want to make a phone call or two to make sure the money is actually yours.
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