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I think the last point made by Brigade proves it was a mistake. If Revlon is in such financial trouble they Brigade believes they won't be able to pay back the

I think the last point made by Brigade proves it was a mistake. If Revlon is in such financial trouble they Brigade believes they won't be able to pay back the loan, why would they have paid back the entry thing, with interest, early? And if it wasn't a mistake, why would they be asking for it back now? It seems perfectly straightforward to me.

DangitBobby 6y ago
C sent B money that B wasn't expecting and immediately asked for it back... Nothing more clear-cut. Thankfully the tax payers will get to fund the next riveting installment of "was this obvious mistake actually legally a mistake?"
- sukilot 6y ago
  The fictions created by of law collapsed when faced with the reality that negative things do not exist.
- TuringNYC 6y ago
  C, acting on behalf of A, which owed money to B: C returned money owed to B in full, which B was not expecting. C asked for the money back from B.
  - DangitBobby 6y ago
    We just told the same story
mobilefriendly 6y ago
Brigade's opinion of the situation does not make it a mistake. The question is more the process at Citibank and Revlon. And prepayment isn't really a mistake in the sense that Brigade received an unjustified windfall. I think Brigade will win, and Citibank will have to take the loss.
londons_explore 6y ago
> why would they have paid back the entry thing, with interest, early? This isn't all that rare - it just means they were able to convince someone else to invest in the business, and pay off the whole loan for them. Kinda like when you're in loads of debt and you transfer the debt from one credit card to another because it has slightly better terms.
cataphract 6y ago
> If Revlon is in such financial trouble they Brigade believes they won't be able to pay back the loan, why would they have paid back the entry thing, with interest, early? From what I understand, they paid the interest accrued until the moment of the payment, not the amount they would have paid under the terms of the loan. So from the POV of the lender, maybe they were able to refinance the loan under better terms with some other lender (perhaps Citibank).

DangitBobby 6y ago

C sent B money that B wasn't expecting and immediately asked for it back... Nothing more clear-cut. Thankfully the tax payers will get to fund the next riveting installment of "was this obvious mistake actually legally a mistake?"

sukilot 6y ago
The fictions created by of law collapsed when faced with the reality that negative things do not exist.
TuringNYC 6y ago
C, acting on behalf of A, which owed money to B: C returned money owed to B in full, which B was not expecting. C asked for the money back from B.
- DangitBobby 6y ago
  We just told the same story

mobilefriendly 6y ago

Brigade's opinion of the situation does not make it a mistake. The question is more the process at Citibank and Revlon. And prepayment isn't really a mistake in the sense that Brigade received an unjustified windfall. I think Brigade will win, and Citibank will have to take the loss.

londons_explore 6y ago

> why would they have paid back the entry thing, with interest, early? This isn't all that rare - it just means they were able to convince someone else to invest in the business, and pay off the whole loan for them. Kinda like when you're in loads of debt and you transfer the debt from one credit card to another because it has slightly better terms.

cataphract 6y ago

> If Revlon is in such financial trouble they Brigade believes they won't be able to pay back the loan, why would they have paid back the entry thing, with interest, early? From what I understand, they paid the interest accrued until the moment of the payment, not the amount they would have paid under the terms of the loan. So from the POV of the lender, maybe they were able to refinance the loan under better terms with some other lender (perhaps Citibank).