Judge Rejects Citigroup Settlement With SEC
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