💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Rattner, NY AG Office in talks to settle probe -WSJ

Published 10/20/2010, 01:36 AM
Updated 10/20/2010, 01:40 AM

Oct 20 (Reuters) - Representatives of Steven Rattner, the former head of the U.S. auto task force, and staff members of the New York Attorney General's office discussed a possible settlement over his role in a pay-to-play scheme involving the $132 billion state pension fund, the Wall Street Journal said.

It was unclear whether the two sides were close to an agreement or far apart, the Journal said, citing people familiar with the matter.

Last week, a proposed settlement case between Rattner and the Securities and Exchange Commission (SEC) was unexpectedly dropped from the calendar for Thursday's non-public enforcement meeting.

The New York Attorney General's office and Rattner's lawyer were not immediately available for comment by Reuters outside regular U.S. business hours.

Rattner, who founded private equity firm Quadrangle Group LLC but left in 2009, is being investigated for his role in a suspected kickback scheme, and has resisted the proposed penalty from the SEC. (Reporting by Anand Basu in Bangalore; Editing by Michael Shields)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.