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District Court Refuses to Approve $75 Million Settlement Between Citigroup, SEC

August 23, 2010 in Securities Regulation & Law Report · Leave a Comment 

The U.S. District Court for the District of Columbia Aug. 16 declined to sign off on Citigroup Inc.’s (C) preliminary agreement to pay $75 million to settle Securities and Exchange Commission charges over subprime disclosures in the summer of 2007 pending receipt of details on the underlying enforcement action (SEC v. Citigroup Inc., D.D.C., 10-cv-1277, 8/16/10)…

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