> How does a hedge fund decide they want to keep money that’s not theirs and fight it in court? Imagine an alternative scenario: Interest rates are down. Rev

> How does a hedge fund decide they want to keep money that’s not theirs and fight it in court? Imagine an alternative scenario: Interest rates are down. Revlon is looking to refinance the loan, and finds a lender (LENDER_B) who will let them refinance their loan from Brigade, but at a lower interest rate. Revlon then tells their bank, Citibank, to pay off Brigade's loan as they'll be getting a loan from LENDER_B instead. Citi goes ahead and sends the payoff amount to Brigade. Meanwhile, LENDER_B discovers something at the last moment and pulls out. Now Revlon claims they never meant to pay off Brigade. Remember: people lie all the time.