U.S. District Judge Jed Rakoff has rejected a $285 million settlement between the SEC and Citigroup over claims that the company misled investors through its sale of mortgage-backed securities. Rakoff wrote in the opinion that in this case, “there is an overriding public interest in knowing the truth.”
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=149266