As he presides over the courtroom battle between the British financier Guy Hands and Citigroup, Judge Jed S. Rakoff entertains with a wry sense of humor, blunt talk and a passion for the legal process.
British financier Guy Hands is engaging in "legal tourism" by pursuing a U.S. lawsuit accusing Citigroup Inc (NYS:C) bankers of defrauding him into overpaying for music company EMI Group Ltd, and his case should be dismissed because it does not belong in the United States, the bank said on Wednesday. Citigroup, the third-largest U.S. bank, sought the dismissal less than six months after the 2nd U.S.
One of America's most respected judges recently wrote an insightful and unsettling essay about the many problems with plea bargains, and we spoke to him about why judges almost always sign off on these agreements.
One of America's most iconoclastic judges, Jed Rakoff, recently attacked rampant plea bargaining that leads many innocent people to plead guilty. We recently spoke to Rakoff about why America's prosecutors don't want to to get rid of the mandatory minimum sentences that perpetuate this plea bargaining.
Manhattan district judge Jed Rakoff is no stranger to financial cases. The former prosecutor with the U.S. Attorney's office has prosecuted against, judged on, and written about white collar crime before.