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.
Second Circuit Hears Arguments over Rakoff's Rejection of SEC/Citi Deal
The Litigation Daily
February 8, 2013
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