Judge Rakoff stands up to SEC and Citigroup

by AdamB


You don't want to mess with the Hon. Jed Rakoff of the United States District Court for the Southern District of New York.

He's the judge, after all, who sought to declare the federal death penalty unconstitutional (even though the parties didn't ask him to), refused in 2009 to approve the SEC's settlement with Merrill Lynch over bonuses until the penalty increased from $33M to $150M, and who ordered the Pentagon in 2006 to release the names of all Guantanamo detainees.