Judge Rejects Citigroup Settlement With SEC
By
Kevin Fayle
on November 28, 2011
| Last updated on March 21, 2019
A federal judge in New York has rejected the proposed settlement between
the Securities and Exchange Commission and Citigroup that would have
resolved the SEC's lawsuit accusing Citigroup of securities violations.
The judge in the case found that, because the proposed settlement did
not present the relevant facts, the settlement was "neither fair, nor
reasonable, nor adequate, nor in the public interest."
Judge Rejects Citigroup Settlement With SEC
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