Judge Rakoff, in a December 27, 2011 order, denied the Commission’s request for a stay of his order directing SEC v. Citigroup Global Markets, Inc., Case No. 11 Civ 7387 (S.D.N.Y.) to trial. That order, which followed the refusal of …
Year: 2012
A VERY HIGH STAKES GAMBLE
The SEC and Judge Rakoff are squaring off in what can only be viewed as a very high stakes game of poker. At the center of the battle is the question of whether Judge Rakoff acted within his discretion in …