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Rakoff Likely To Seal Citigroup Deal After 2nd Circ. Rebuff

By Erin Coe (June 4, 2014, 10:52 PM EDT) -- In the wake of a Second Circuit ruling rejecting his block of a Citigroup Inc. settlement with securities regulators for failing to include an admission or denial of wrongdoing, experts say U.S. District Judge Jed Rakoff is likely to show greater deference to the U.S. Securities and Exchange Commission's decision to enter the deal and give it his blessing on remand....

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