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Judge Blocks Citigroup Settlement With S.E.C. [View All]

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Sivafae Donating Member (286 posts) Send PM | Profile | Ignore Mon Nov-28-11 11:32 AM
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Judge Blocks Citigroup Settlement With S.E.C.
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Source: NY Times

NEW YORK (Reuters) - A judge on Monday rejected a proposed $285 million settlement between Citigroup Inc and the top U.S. market regulator over the sale of toxic mortgage debt and ordered a trial.

In a written opinion, Manhattan federal court judge Jed Rakoff said the proposed settlement was "neither reasonable, nor fair, nor adequate, nor in the public interest."

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  -Judge Blocks Citigroup Settlement With S.E.C. Sivafae  Nov-28-11 11:32 AM   #0 
  - He  Why Syzygy   Nov-28-11 11:34 AM   #1 
  - Body guards  Po_d Mainiac   Nov-28-11 12:59 PM   #8 
     - True  Why Syzygy   Nov-28-11 01:44 PM   #12 
  - Won't they just find a way to get the judge of their choice?  emcguffie   Nov-28-11 11:36 AM   #2 
  - Good for him.  drm604   Nov-28-11 11:46 AM   #3 
  - Good news  dipsydoodle   Nov-28-11 11:47 AM   #4 
  - ''Increase this judge's security - STAT!'' - K&R n/t  DeSwiss   Nov-28-11 12:23 PM   #5 
  - Clinton did something right!  antigop   Nov-28-11 12:28 PM   #6 
  - Stay away from small planes, Your Honor!  Odin2005   Nov-28-11 12:36 PM   #7 
  - and call girls. n/t  Po_d Mainiac   Nov-28-11 01:00 PM   #9 
  - Kicked and recommended.  Uncle Joe   Nov-28-11 01:32 PM   #10 
  - Good news posted earlier:  elleng   Nov-28-11 01:36 PM   #11 
  - Finally a judge who gets it.  go west young man   Nov-28-11 02:00 PM   #13 
  - BBC link  dipsydoodle   Nov-28-11 02:46 PM   #14 
  - So, at a minimum, Citibank should pay $700 million to the investors.  lark   Nov-28-11 04:14 PM   #16 
  - Fucking A, here's a major shout out to one unbought judge!!!  lark   Nov-28-11 04:11 PM   #15 
  - Judge Rakoff, one of the "New Untouchables"  meow2u3   Nov-28-11 04:45 PM   #17 
     - one judge on the side of fairness, fighting crime & corruption---unbelievable!  wordpix   Nov-28-11 10:57 PM   #21 
  - Judge Blocks Citigroup Settlement With S.E.C.  neoconn   Nov-28-11 08:08 PM   #18 
  - knr nt  slipslidingaway   Nov-28-11 08:08 PM   #19 
  - S.E.C.s enforcement efforts = Kickbacks  FreakinDJ   Nov-28-11 08:08 PM   #20 
  - thank you judge  lovuian   Nov-28-11 11:07 PM   #22 
  - How bad does it have to be before a judge overrides a federal agency?  No Elephants   Nov-29-11 12:25 AM   #23 
  - Thank you Your honor. k&r n/t  Hotler   Nov-29-11 08:48 AM   #24 
  - Take that!  lonestarnot   Nov-29-11 08:53 AM   #25 
  - It will never make it to trial.  Hotler   Nov-29-11 08:59 AM   #26 
     - either that, or he will suddenly commit 'suicide'.  Huey P. Long   Nov-29-11 11:30 AM   #27 

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