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: Securities Law Prof Blog

Judge Refuses to Approve SEC's Settlement with Citigroup

By Securites Lawprof

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Courts have typically approved SEC settlements under a lenient "fair and reasonable" standard, but Judge Jed Rakoff may have started a trend when he initially refused to approve the agency's settlement with Bank of America involving misstatements about the Merrill...

Full post as published by Securities Law Prof Blog on August 16, 2010 (boomark / email).

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