Relevant:
- Jed Rakoff To SEC: I'm Not Here To Rubber-Stamp Your Deals
- Jed Rakoff To SEC: I'm Not Here To Rubber-Stamp Your Deals
- The SEC Will Now Spend Its Time Going After The Judge That Told It To Do Its Job
- Judge Blocks Citigroup Settlement With S.E.C.
- SEC Goes Around Judge Rakoff, Who Blasts Back For "Misleading" Filings In Citi Case
2013-08-20 — nytimes.com
``Here is the judge's 15-page opinion, which concluded that the pact was "neither reasonable, nor fair, nor adequate, nor in the public interest." Judge Rakoff has in the past expressed concern with the S.E.C.'s custom of not forcing a defendant to "neither admit nor deny the allegations" when settling a case. In his ruling Monday, the judge said he couldn't approve a settlement that was based on "mere allegations." Here are two crucial paragraphs from the ruling: ''
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