Atty Says SEC Ignored Truth In Case Against Citigroup's Stoker

Law360, New York (July 30, 2012, 6:34 PM EDT) -- The U.S. Securities and Exchange Commission ignored a raft of “inconvenient details” to build its case that ex-Citigroup Inc. executive Brian Stoker misled investors about a doomed collateralized debt obligation, Stoker's lawyer argued Monday as jurors prepared to deliberate.

The evidence shows that Stoker, who helped create a synthetic CDO in 2007 while he was a deal manager for Citigroup, worked to ensure that investors were kept fully informed, lawyer John Keker of Keker & Van Nest LLP told jurors in closing statements.

The SEC claims...
To view the full article, register now.



Case Information

Case Title

U.S. Securities and Exchange Commission v. Stoker

Case Number



New York Southern

Nature of Suit



Jed S. Rakoff

Date Filed

October 18, 2011

Law Firms


Government Agencies

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.