Cuomo Files 2 Suits Vs Rattner, Seeks $26 Million

New York's Attorney General Andrew Cuomo files two lawsuits against Steven Rattner for allegedly paying kickbacks to win investments from the state's $130 billion pension fund. Reuters reported Cuomo seeks to recover at least $26 million from Rattner and to permanently bar the former auto industry czar from the securities industry in New York. Rattner plans to fight Cuomo's lawsuits and to clear his name. Separately, Rattner settled a related SEC civil lawsuit. He agreed to pay $6.2 million and accepted a two-year ban from working with an investment adviser or broker-dealer.

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