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Usman
Posted by Mr. Usman S. on Jun 5th, 2014 11:51am

Judge Rakoff Overturned: SEC-Citigroup Settlement Sent Back for Reconsideration
Authors: Alan P. Gardner and Usman M. Sheikh

In a long-awaited decision, the United States Court of Appeals for the Second Circuit today overturned Judge Rakoff's highly controversial decision which refused to approve a $285-million settlement between the United States Securities and Exchange Commission (SEC) and Citigroup Global Markets Inc. The settlement contained no admission of liability by Citigroup to wrongdoing.

Click here to read more: www.bennettjones.com/Publications/Updates/Judge_Rakoff_Overturned__SEC-Citigroup_Settlement_Sent_Back_for_Reconsideration/


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