DealBook: At Citi Trial, the Wit and Wisdom of Judge Rakoff

In an unusual hearing before the federal appeals court in Manhattan, lawyers for the Securities and Exchange Commission and Citigroup argued that United States Judge Jed S.

By Jake Zamansky:It’s not every day that a federal judge issues a landmark decision, particularly one that could help investors wanting to sue giant financial institutions. But that’s what happened Monday, when U.S.

Judge Jed Rakoff's blunt rejection of a major Citigroup Inc securities fraud settlement could resonate with other judges who share the public's frustration with Wall Street and its regulators. Rakoff is ...

A federal judge today blasted 40 years of slap-on-the-wrist, no-admission-of guilt deals the SEC has reached with Citigroup.In the latest deal, with no admission of guilt, the SEC fined Citigroup for $160 million in illicit profits, even though regulators claim Citigroup profited by $700 million.Please consider Judge Unloads on Deal SEC Struck With Citi

As he did with Bank of America, Judge Jed S. Rakoff wants Citigroup to take more responsibility for the "truth" of its wrongdoing in its settlement with the S.E.C.

NEW YORK (Reuters) - Judge Jed Rakoff's blunt rejection of a major Citigroup Inc securities fraud settlement could resonate with other judges who share the public's frustration with Wall Street and its regulators.

NEW YORK (Reuters) - Judge Jed Rakoff's blunt rejection of a major Citigroup Inc securities fraud settlement could resonate with other judges who share the public's frustration with Wall Street and its regulators.

Reuters - Judge Jed Rakoff's blunt rejection of a major Citigroup Inc securities fraud settlement could resonate with other judges who share the public's frustration with Wall Street and its regulators.