2nd Circ. To Weigh Rakoff's Block Of Citi-SEC Deal In Sept.

Law360, New York (March 19, 2012, 8:46 PM EDT) -- The Second Circuit said Monday it would wait until the last two weeks of September to hear the U.S. Securities and Exchange Commission and Citigroup Inc.’s appeal of a New York judge’s decision to reject their $285 million mortgage-backed securities settlement.

The appeals court issued a one-page order scheduling oral arguments in the case and asking the SEC and Citigroup to each file a brief in support of the settlement by May 14. The court set an Aug. 13 deadline for an opposition brief by Lankler...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.