We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Rattner Settles Pension Kickback Claims For $10M

Law360 (January 3, 2011, 3:57 PM EST) -- Steven Rattner, the investment banker allegedly tied to a kickback scheme involving New York state's pension fund, has agreed to settle the civil claims against him for $10 million, ending a three-year corruption investigation that resulted in criminal guilty pleas from the state's former comptroller and seven others.

Gov. Andrew Cuomo announced the settlement Thursday, just two days before leaving his position as attorney general to take office as governor. Rattner will pay the money back into the state's $134 billion pension fund and be banned from...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.