judge jed rakoff
U.S. District Judge Jed Rakoff has told Irving Picard, the trustee responsible for collecting money for Bernard Madoff’s victims, to mind his own beeswax.
Pending appeal could affect business and regulators alike
The Securities and Exchange Commission (SEC) took issue this past November with Manhattan District Judge Jed Rakoff’s rejection of a $285 million settlement between the agency and Citigroup Inc. Yesterday, it again expressed its dissatisfaction with Judge Rakoff’s decision.