Lawyers for both the SEC and Citigroup tried to convince a Second Circuit panel on Friday that Judge Jed Rakoff erred in rejecting a $285 million settlement between the agency and the bank. But a lawyer appointed by the court to argue for Rakoff maintained that the judge simply wanted more facts in order to evaluate the settlement.
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Second Circuit Hears Arguments over Rakoff's Rejection of SEC/Citi Deal
The Litigation Daily
February 8, 2013
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