white collar crime; sec; settlement; confidentiality; rakoff; second circuit; citigroup

There is a huge branch of the “fake news” business that gets no attention at all: the fake news consumed each day by corporate America that has nothing to do with politics, but everything to do with business – the bulk of the $18 trillion U.S. economy.Fake news investigation

We’ve been sorting through this kind of thing

Federal District Court Judge Jed Rakoff shook up the securities bar with his widely reported rejection of a settlement between the Securities and Exchange Commission and Citigroup. The decision and order has thrown into turmoil decades of what Judge Rakoff sees as shoddy enforcement practice. It’s nicely laid out on the PorterWright Federal Securities blog