SEC, Citi Rip Rakoff In Bid To Restore $285M MBS Settlement

By Ian Thoms · May 15, 2012, 5:57 PM EDT

The U.S. Securities and Exchange Commission and Citigroup Inc. on Monday ripped U.S. District Judge Jed S. Rakoff for rejecting their $285 million mortgage-backed securities settlement, calling his decision unprecedented and...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Recent Articles By Ian

September 20, 2012
House Bypasses SEC To Define Muni Bond Advisers
September 13, 2012
Groups Back BofA In AIG's $10B RMBS Appeal In 2nd Circ.
September 10, 2012
Former IndyMac CEO Dodges SEC's Risk-Weighting Claims
August 28, 2012
SEC Investigates ResCap For Possible Mortgage Fraud
August 27, 2012
CFTC Adopts Swaps Record-Keeping, Registration Rules
July 20, 2012
FHFA Says Ill. Court Has No Authority In MGIC Coverage Suit
July 20, 2012
SEC's Broad Municipal Adviser Rule Risks Collateral Damage
July 05, 2012
Countrywide Gave Discount Loans To Lawmakers, Report Says
March 13, 2012
Skadden's Flub Shows Potential Pitfalls Of SEC E-Filing
February 03, 2012
Goldman Investors Win Class Cert. In Action Over Risky MBS