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Judge Rejects Citigroup Settlement With SEC

By Kevin Fayle on November 28, 2011 9:47 AM

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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