[JURIST] A judge for the US District Court for the Southern District of New York [official website] on Monday blocked a proposed $285 million settlement with Citigroup Inc [corporate website] over the sale of toxic mortgage debt. The US Securities and Exchange Commission (SEC) [official website] put no effort into learning what Citigroup did wrong, Judge Jed Rakoff wrote, adding that the SEC was wrong to ask the court to ignore interests of the public:It is not fair, because, despite…

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