U.S. District Judge Jed Rakoff has come out guns-a-blazing in an appellate brief filed on his behalf with the U.S. Court of Appeals for the Second Circuit. The brief, submitted Monday by court-appointed counsel John “Rusty” Wing of Lankler Siffert & Wohl in support of Rakoff’s position, accuses Citigroup Global Markets and the Securities and Exchange Commission of twisting the Manhattan judge’s words and mischaracterizing his decision to scuttle the SEC’s $285 million settlement with Citi for allegedly misleading investors in a $1 billion collateralized debt obligation.
You can read the hefty 90-page brief here; the court allowed the outsized filing given the voluminous briefs filed by the SEC, Citi, and various amici.
