Rattner Settles Pension Kickback Claims For $10M

Law360, New York (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...
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