Judge Rejects Citigroup, SEC Settlement
by: Jim Zarroli, NPR, November 29, 2011 3:11:00 am
A federal judge has nixed a $285 million settlement between Citigroup and the Securities and Exchange Commission. He said the deal was "neither fair, nor adequate nor in the public interest." The settlement dealt with Citigroup's handling of subprime mortgage debt prior to the financial crisis.