Rattner Settles With New York State
Rattner Settles With New York State By Maria Woehr 12/30/10 - 01:33 PM EST Add Comment NEW YORK ( TheStreet ) -- Quadrangle Group's Steven Rattner will pay $10 million to settle two lawsuits filed by New York Attorney General Andrew Cuomo. More on Financial Services Expect Foreclosures to Spike, Bank Failures Ebb in 2011 Citi Employee Arrested in Indian Probe: Report MBIA's Shares Surge After Banks Drop Suit As part of the settlement, Rattner also will be banned from appearing in any capacity before any public pension fund within New York for five years, according to the press release on the attorney general's Web site. The lawsuits filed by Cuomo, the New York governor-elect, revolved around a kickback scheme for Quadrangle to manage $150 million in investments from the New York State Common Retirement Fund. In November, Rattner settled a related case with the Securities and Exchange Commission . He agreed to pay $6.2 million to the SEC and also agreed to refr...