Southern District Judge Tosses Proposed SEC-Citi Settlement | BCGSearch.com

Need Help? Call 800-298-6440

BCG Attorney Search

BCG Attorney Search

The Standard in Attorney Search and Placement™

BCG Attorney Search is widely known to be the most selective recruiting firm in terms of who it represents in the United States. In addition, BCG Attorney Search is the most demanding of its recruiters and is widely considered to be the most rigorous recruiting firm in terms of screening our recruitment staff as you like.

BCG Attorney Search Law Firm News

Law Firm News

Southern District Judge Tosses Proposed SEC-Citi Settlement

11/29/11

Southern District Judge Tosses Proposed SEC-Citi Settlement

A $285 million settlement between the Securities and Exchange Commission and Citigroup was rejected by Southern District Judge Jed Rakoff. The proposal was over the marketing of security debt obligations that the bank was also selling short. Rakoff believed Citi had formed a billion-dollar fund which allowed it to plunk some uncertain assets on misinformed investors. According to Rakoff, the firm would have been allowed to settle the case without admitting wrongdoing.

Want to read more law firm news?
For past editions of our weekly law firm news, click here.


Contact Our Recruiters Now!

Search Jobs

Locations:

Minimum Years of Experience:

Primary Area of Practice:

Firm Type:

Keyword:

 Partner Level Job(s):

Search Now