Ex-Citi Exec Can't Shake SEC Suit Over Doomed CDO

Law360, New York (February 15, 2012, 7:46 PM EST) -- A New York federal judge on Tuesday denied a former Citigroup Inc. executive’s bid to dismiss a U.S. Securities and Exchange Commission suit alleging he marketed an ill-fated $1 billion collateralized debt obligation the bank had bet against.

U.S. District Judge Jed S. Rakoff denied Brian Stoker’s motion to throw out the suit in a one-page order. The judge said he would issue an opinion explaining the decision “in due course.”

“After carefully considering the parties’ written submissions and oral argument, the court hereby denies Stoker’s...
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