3 Things Judge Jed Rakoff Knows That The DOJ May Not

Law360, New York (March 26, 2014, 10:55 PM EDT) -- Judge Jed Rakoff, who sits in the federal district court in Manhattan, has been extremely busy since the financial crisis. He has presided over the two most high-profile insider trading cases — Goldman Sachs director Rajat Gupta and Raj Rajaratnam of Galleon Group — the “Tiger Woods” of insider trading.

In 2011, Rakoff sent ripples throughout the financial community when he rejected a $285 million fraud settlement between the U.S. Securities and Exchange Commission and Citigroup that included boilerplate language that Citigroup “neither admits to nor...
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