Event

SEC v. Citigroup Global Markets

Case in which Judge Rakoff refused in 2011 to approve a settlement made without admissions; the Second Circuit vacated his order in 2014.

4 links, 4 backed by primary records

Connections 4

U.S. Securities and Exchange Commission brought the case and proposed the consent judgment Primary record 1
Citigroup Global Markets defendant; consented to the judgment without admitting or denying the allegations Primary record 1
Jed Rakoff declined on 28 November 2011 to approve the consent judgment Primary record 1
U.S. Court of Appeals for the Second Circuit vacated Judge Rakoff’s order on 4 June 2014 Primary record 2

Timeline 1 date

Proof 2 sources

SEC v. Citigroup Global Markets Inc., 827 F. Supp. 2d 328 (S.D.N.Y. 2011) (Judge Rakoff), U.S. District Court, S.D. New York (text via Harvard Caselaw Access Project), 28 Nov 2011. Primary record
The Consent Judgment (I) “permanently restrained and enjoined” Citigroup
the Court concludes, regretfully, that the proposed Consent Judgment is neither fair, nor reasonable, nor adequate, nor in the public interest.
SEC v. Citigroup Global Markets, Inc., 752 F.3d 285 (2d Cir. 2014), U.S. Court of Appeals for the Second Circuit (text via Harvard Caselaw Access Project), 4 Jun 2014. Primary record
we vacate the November 28, 2011 order of the district court and remand this case for further proceedings

Page history 1 change