Panel Grants Stay In SEC, Citigroup $285M Settlement Dispute

Panel Grants Stay In SEC, Citigroup $285M Settlement Dispute

NEW YORK - The Securities and Exchange Commission and Citigroup Global Markets Inc. face a substantial likelihood of success in overturning a federal judge's denial of their $285 million settlement agreement, a Second Circuit U.S. Court of Appeals panel ruled March 15 in a per curiam opinion (United States Securities & Exchange Commission v. Citigroup Global Markets Inc., Nos. 11-5227, 11-5375 and 11-5242, 2nd Cir.).

Find full version on lexis Advance®
Access this news story on lexis.com®