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Rakoff Jokes 2nd Circ. Thinks He’s ‘Full Of It’

Rakoff Jokes 2nd Circ. Thinks He’s ‘Full Of It’

Law360, New York (June 04, 2014, 9:11 PM ET) — Near the end of a whirlwind day in which the Second Circuit publicly rebuked his decision to reject a U.S. Securities and Exchange Commission settlement that lacked an admission of fault, Judge Jed Rakoff ambled to his bench for a sentencing hearing in a drug case and joked that the appeals court probably thought he was “full of it.”

Judge Rakoff slyly noted that the Second Circuit opinion, which lambasted his SEC decision as an “abuse of discretion,” also called him “very able and distinguished.”…

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