Latest Trial Court News
Federal judge rejects Citigroup-SEC settlement, trial ordered
NEW YORK ? A judge on Monday rejected a proposed $285 million settlement between Citigroup Inc and the top US market regulator over the sale of toxic mortgage debt and ordered a trial. In a written opinion, Manhattan federal court judge Jed Rakoff said
Updated: 11/28/2011 12:59P
Citigroup-SEC settlement rejected, trial ordered
Rakoff consolidated the two cases and set a trial date of July 16, 2012. Rakoff wrote that the SEC "has a duty, inherent in its statutory mission, to see that the truth emerges; and if it fails to do so, this Court must not, in the name of deference or
Updated: 11/28/2011 12:58P
German goes on trial for raping daughter
A German pensioner accused of raping his daughter repeatedly over a 34-year-period and fathering three children with her has gone on trial. The now 69-year-old defendant, Adolf Bergbauer, admitted sex with his daughter in testimony before the court in
Updated: 11/28/2011 12:58P
Five arrested after Quincy courtroom erupts following Randolph murder arraignment
An angry pushing and shoving match erupted in the Quincy District Court courtroom after the defendants had entered innocent pleas and been ordered held without bail. Friends and family of the defendants had packed one side of the courtroom for the
Updated: 11/28/2011 12:56P
Bail denied for terror suspect
The case is being heard in US District Court in Worcester. The judge said in the decision issued today that 26-year-old Rezwan Ferdaus is a "danger to the community" with a "dedication to his cause." Ferdaus, a Muslim American with a physics degree
Updated: 11/28/2011 12:55P
Komisarjevsky's only aim now is to avoid death
Hours of testimony, documents, and photographs are shared in court detailing Komisarjevsky's childhood, teen years and adult life during the penalty phase of his capital felony murder, arson, rape and kidnapping trial. "The most the defense can hope
Updated: 11/28/2011 12:55P
Lawyer David Mills 'willing' to go to Berlusconi trial
He was giving evidence at Westminster Magistrates court via video link in a corruption trial being heard in Milan. Mr Berlusconi is involved in four trials. One relates to allegations of corruption involving his former tax lawyer, David Mills.
Updated: 11/28/2011 12:54P
Citigroup's $285 Million Settlement Rejected
He set a trial date for July 16, 2012. The SEC had accused Citigroup of misleading investors in a sale of securities backed by mortgages that it then bet against. Citigroup did not disclose to investors its role in the asset selection process or that
Updated: 11/28/2011 12:50P
Judge rejects Citigroup's $285 million settlement with the SEC
By Bloomberg News EMMANUEL DUNAND/AFP Getty ImagesCitigroup, the parent company of Citibank, faced a setback today when a district court judge rejected a $285 million settlement it reached with the Securities and Exchange Commission over claims that it
Updated: 11/28/2011 12:47P
Citigroup SEC Mortgage Securities Accord Rejected by Judge
Danielle Romero-Apsilos, a spokeswoman for Citigroup, declined to comment pending a review of the decision. The case is US Securities and Exchange Commission v. Citigroup Global Markets Inc., 11-cv-7387, US District Court, Southern District of New York
Updated: 11/28/2011 12:46P
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