Judge Questions Fairness Of Citigroup's Dicks Reuters/Huffpo

[mercuryblues]

http://www.huffingtonpost.com/2013/04/01/citigroup-settlement-judge_n_2995229.html

(Reuters) - A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.

U.S. District Judge Sidney Stein asked lawyers for the bank and its shareholders to address several issues at an April 8 fairness hearing, including requested legal fees and expenses of roughly $100 million, and the absence of payments by former Citigroup executives.

Citigroup spokesman Mark Costiglio declined to comment. Peter Linden, a partner at the law firm Kirby McInerney who represents the shareholders, did not immediately respond to requests for comment.

Stein joined other judges in recent years to question the fairness of large legal settlements in the financial industry.

[Rex]

1. Just to be fair right?

[mercuryblues]

2. sure

[Rex]

3. Democracy goes down the crapper...*crickets*

be sure lots of people DO notice, they just don't post.