rakoff's approval of bank of america-s.e.c. settlement

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UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ..................................... X SECURITIES AND EXCHANG E COMMISSION, Plaintiff, 09 Civ. 6829 (JSR) BANK OF AMERICA CORPORATION Defendant. SECURITIES AND EXCHANGE COMMISSION, Plaintiff, 10 Civ. 0215 JSR) BANK OF AMERICA CORPORATION Defendant. OPINION AND ORDER JED . RAKOFF, U.S. D.J. The question before the Cour t is whether to grant the motion of pla intiff Secur ities and Exchan ge Commission ("S.E.C."), iled on February 4 , 2010, seeking approval of a Proposed Consent Judgment that woul d resolve the two above-captioned cases. Given the som ewhat tortured background o f these cases and the difficulties the motion presents, the Cou rt is tempted to quote the great American phil osopher Yogi Berra: "I wish I ha d an answer to that because I'm getting tired

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Page 1: Rakoff's Approval of Bank of America-S.E.C. Settlement

8/14/2019 Rakoff's Approval of Bank of America-S.E.C. Settlement

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