Reuters – The top U.S. market regulator is appealing a judge’s rejection of a major Citigroup Inc civil securities fraud settlement, according to court papers filed on Thursday.
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Read More »Reuters – The top U.S. market regulator is appealing a judge’s rejection of a major Citigroup Inc civil securities fraud settlement, according to court papers filed on Thursday.
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Read More »AP – The government is appealing a federal judge’s ruling that struck down a $285 million civil fraud settlement with Citigroup.
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Read More »Reuters – Enforcement staff of the Securities and Exchange Commission may request the commissioners leading the agency that they appeal last month’s rejection by a U.S. district judge of a proposed $285 million settlement with Citigroup, the Wall Street Journal said, citing people familiar with the matter.
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Read More »The Christian Science Monitor – A federal judge in New York refused on Monday to endorse a $285 million consent agreement with the SEC that would have allowed Citigroup Global Markets, Inc., to avoid any admission of wrongdoing in a deceptive securities transaction that earned Citigroup $160 million in profits while investors lost $700 million.
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AP – A judge on Monday used unusually harsh language to strike down a $285 million settlement between Citigroup and the Securities and Exchange Commission over toxic mortgage securities, saying he couldn’t tell whether the deal was fair and criticizing regulators for shielding the public from details of the firm’s wrongdoing.
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Read More »AP – The government is telling a federal judge that $285 million is a fair penalty for Citigroup Inc. to pay to settle charges that it misled buyers of a complex mortgage investment ahead of the housing bust.
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Read More »AP – A federal judge cast doubt Thursday on the fairness of a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, saying lawyers need to explain how the deal is sufficient to make such serious securities fraud allegations go away.
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