Re:Amazon walking back raises after internal bug miscalculat...
by hn_throwaway_99 on Monday September 26, 2022 @01:47PM
(#32986018)
> the lender chose to interpret it is an early loan repayment, and was allowed by the courts to keep the money.
No. The appeals court smacked them silly in a unanimous opinion and the money was returned to Citi [1]. From the appellate judge:
> In a separate opinion, Circuit Judge Michael Park called the lawsuit a “straightforward case that many smart people have grossly overcomplicated and that we should have decided many months ago.”
> “Put simply, you don’t get to keep money sent to you by mistake unless you’re entitled to it anyway,” Park wrote
No. The appeals court smacked them silly in a unanimous opinion and the money was returned to Citi [1]. From the appellate judge:
> In a separate opinion, Circuit Judge Michael Park called the lawsuit a “straightforward case that many smart people have grossly overcomplicated and that we should have decided many months ago.”
> “Put simply, you don’t get to keep money sent to you by mistake unless you’re entitled to it anyway,” Park wrote
1. https://www.bankingdive.com/news/citi-wins-appeal-500-millio...