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Daniel Wenner Explains Potential Impact of 2nd Circ.'s SEC-Citigroup Ruling in Law360

Publisher: Law360
June 4, 2014

The Second Circuit on Wednesday vacated U.S. District Judge Jed Rakoff's controversial rejection of the U.S. Securities and Exchange Commission's "no-admit" settlement with Citigroup Inc. Daniel E. Wenner, a partner in Day Pitney's White Collar Defense and Internal Investigation practice, provided commentary on the ruling. Wenner, who served as an assistant US. Attorney in the Criminal Division of the U.S. Attorney's Office for the Eastern District of New York and the primary author of Day Pitney's White Collar Roundup newsletter, told Law360 that the ruling "defined the scope of a district judge's review of a consent decree. In doing so, it reiterated the deference due to agencies such as the SEC."

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