SEC, Citi Can't Treat Judges Like 'Potted Plants,' Second Circuit Hears

, The Litigation Daily


U.S. District Judge Jed Rakoff has come out guns-a-blazing in an appellate brief filed on his behalf with the U.S. Court of Appeals for the Second Circuit. The brief accuses Citigroup Global Markets and the Securities and Exchange Commission of twisting the judge's words and mischaracterizing his decision to scuttle the SEC's $285 million settlement with Citi.

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