Southern District Judge Jed Rakoff followed his marching orders and approved a $285 million settlement in a dispute between the SEC and Citigroup, but he left no doubt about what he viewed as a hands-off process dictated by the Second Circuit.
August 06, 2014 at 12:00 AM
1 minute read
Southern District Judge Jed Rakoff (See Profile) followed his marching orders and reluctantly approved a $285 million settlement in a dispute between the Securities and Exchange Commission and Citigroup.
But Rakoff left no doubt about what he viewed as a hands-off process dictated by the U.S. Court of Appeals for the Second Circuit.
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