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News Link • Conspiracies

SEC likely to win its defense of ‘no-admit’ Citigroup settlement, appellate panel says

• Washington Post
Federal regulators won an initial round Thursday in their defense of Wall Street fraud settlements that include no admission of wrongdoing.

The Securities and Exchange Commission and Citigroup “have a strong likelihood of success” in their joint effort to overturn a judge’s decision to reject their $285 million fraud settlement, a three-judge panel of the 2nd Circuit Court of Appeals wrote.


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