News Alert: Judge strikes down Citigroup's $285 million settlement with SEC

	Monday, November 28, 2011 12:25:11 PM NEWS ALERT Judge strikes down Citigroup's $285 million settlement with SEC A federal judge in New York has struck down a $285 million settlement that Citigroup reached with the Securities and Exchange Commission, citing a need for truth about the financial markets. The deal would have imposed penalties on Citigroup even as it allowed the company to deny allegations that it misled investors on a complex mortgage investment. The SEC has accused the bank of betting against the investment in 2007 and making $160 million, while investors lost millions. Read more at: http://www.washingtonpost.com/national/judge-in-ny-strikes-down-285-million-citigroup-settlement-with-sec-over-mortgage-investment/2011/11/28/gIQAVtqD5N_story.html Or visit washingtonpost.com. SEND TO A FRIEND UNSUBSCRIBE E-MAIL CENTER GET HELP Washington Post Digital E-mail Customer Care 1150 15th Street NW Washington, D.C. 20071 ©2011 The Washington Post Privacy Policy