Today, the parties in the Citigroup case in which Judge Rakoff made this a high-profile issue by rejecting a major settlement, as well as counsel for Judge Rakoff himself, appeared for an unusual oral argument before the Second Circuit. The New York Times reports that Judge Rakoff was not present but outgoing Enforcement Director Robert S. Khuzami on his last day at the SEC and George Canellos, his acting successor, both attended the hearing.
‘Enforcement 40’ for 2020
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