U.S. District Judge Jed Rakoff has rejected a $285 million settlement between the SEC and Citigroup over claims that the company misled investors through its sale of mortgage-backed securities. Rakoff wrote in the opinion that in this case, “there is an overriding public interest in knowing the truth.”
NY Judge Rejects SEC Settlement With Citigroup
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November 28, 2011 7:30 a.m.
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