Court Clarifies Standard for Approval of a Consent Decree Involving an Enforcement Agency: Second Circuit | Practical Law

Court Clarifies Standard for Approval of a Consent Decree Involving an Enforcement Agency: Second Circuit | Practical Law

In its decision in United States Securities and Exchange Commission v. Citigroup Global Markets, Inc., the US Court of Appeals for the Second Circuit clarified the standard for the approval of a consent decree involving an enforcement agency. The standard requires that the proposed decree be fair and reasonable and not disserve the public interest.

Court Clarifies Standard for Approval of a Consent Decree Involving an Enforcement Agency: Second Circuit

by Practical Law Litigation
Published on 10 Jun 2014 • USA (National/Federal)
In its decision in United States Securities and Exchange Commission v. Citigroup Global Markets, Inc., the US Court of Appeals for the Second Circuit clarified the standard for the approval of a consent decree involving an enforcement agency. The standard requires that the proposed decree be fair and reasonable and not disserve the public interest.