Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Look up keyword
Like this
6Activity
0 of .
Results for:
No results containing your search query
P. 1
Citi Brief

Citi Brief

Ratings: (0)|Views: 89 |Likes:
Published by Matt Stoller

More info:

Published by: Matt Stoller on May 22, 2012
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

01/24/2014

pdf

text

original

 
To be argued by Brad S. Karp
11-5227-cv(L),
11-5375-cv (Con), 11-5242-cv (XAP)
 
United States Court of Appeals
 
 for the
 
Second Circuit
 
 ___________________________________ 
SECURITIES AND EXCHANGE COMMISSION,
 Plaintiff-Appellant Cross-Appellee,
 -v.-
CITIGROUP GLOBAL MARKETS INC.,
 Defendant-AppelleeCross-Appellant 
. ___________________________________ 
On Appeal from the United States District Court  for the Southern District of New York 
BRIEF OF DEFENDANT-APPELLEE-CROSS-APPELLANT
Brad S. KarpTheodore V. Wells, Jr.Mark F. PomerantzWalter RiemanSusanna M. BuergelPAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP1285 Avenue of the Americas New York, New York 10019-6064(212) 373-3000
 Attorneys for Defendant-Appellee-Cross-Appellant 
 
Case: 11-5227 Document: 144 Page: 1 05/14/2012 609323 68
 
 
i
CORPORATE DISCLOSURE STATEMENT
Pursuant to Federal Rule of Appellate Procedure 26.1, Defendant-Appellee-Cross-Appellant hereby certifies that Citigroup Global Markets Inc. is adirect wholly-owned subsidiary of Citigroup Financial Products Inc., and is anindirect wholly-owned subsidiary of Citigroup Global Markets Holdings Inc.,which is a wholly-owned subsidiary of Citigroup Inc.
Case: 11-5227 Document: 144 Page: 2 05/14/2012 609323 68
 
 
ii
TABLE OF CONTENTSPage
TABLE OF AUTHORITIES .................................................................................... v
 
PRELIMINARY STATEMENT .............................................................................. 1
 
JURISDICTIONAL STATEMENT ......................................................................... 4
 
STATEMENT OF ISSUES PRESENTED FOR REVIEW ..................................... 5
 
STATEMENT OF THE CASE ................................................................................. 5
 
STATEMENT OF FACTS ....................................................................................... 7
 
A.
 
The Parties Decide to Forgo a Trialand Resolve the Matter ConsensuallyThrough a Negotiated Settlement. ......................................................... 7
 
B.
 
The District Court Conducts a Hearingto Consider the Consent Judgment, After Receiving Information Regarding the Factualand Legal Bases for the Proposed Settlement. ...................................... 9
 
C.
 
The District Court Refuses to Approvethe Parties’ Proposed Consent Judgment. ........................................... 12
 
D.
 
This Court Stays Further DistrictCourt Proceedings, Finding a StrongLikelihood of Success on the Merits. .................................................. 13
 
SUMMARY OF ARGUMENT .............................................................................. 15
 
STANDARD OF REVIEW .................................................................................... 17
 
ARGUMENT .......................................................................................................... 18
 
I. THE DISTRICT COURT ERRED IN REFUSINGTO APPROVE THE CONSENT JUDGMENTWITHOUT PROVEN OR ACKNOWLEDGED FACTS ........................... 18
 
Case: 11-5227 Document: 144 Page: 3 05/14/2012 609323 68

Activity (6)

You've already reviewed this. Edit your review.
1 thousand reads
1 hundred reads
packagingwiz liked this
packagingwiz liked this
SLAVEFATHER liked this

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->