yeah well Short Float was 114% last month, down' 70%+ so meh.
Love or hate 'em, something smells weird about this. Muh "Billion Dollar Error."
Citi loses bid to recoup massive mistake in surprise ruling
Citigroup Inc. unexpectedly lost a legal battle to recover half a billion dollars it sent Revlon Inc. lenders, after the embarrassing blunder forced it to answer to regulators and tighten its internal controls.
U.S. District Judge Jesse Furman on Tuesday ruled that 10 asset managers for the lenders which include Brigade Capital Management, HPS Investment Partners and Symphony Asset Management don’t have to return $504 million that Citibank said it mistakenly transferred in August while trying to make an interest payment. He said they shouldn’t have been expected to know that the transfer, which totaled more than $900 million before some lenders returned their share, was an error.
“To believe that Citibank, one of the most sophisticated financial institutions in the world, had made a mistake that had never happened before, to the tune of nearly $1 billion would have been borderline irrational,” wrote Furman, who presides in Manhattan.
https://news.bloomberglaw.com/banking-law/citigroup-loses-fight-to-get-back-millions-in-mistaken-transfer