CIti and SEC cannot "neither admit nor deny" in front of this judge

Judge Blocks Citigroup Settlement With S.E.C. - Yahoo! Finance: "Investors lost $700 million in the fund, according to the S.E.C., while Citigroup gained about $160 million in profits.
The settlement establishes none of those allegations as fact, thereby making it impossible for the court to properly judge whether the settlement meets the required standard of being fair, adequate and in the public interest.
“An application of judicial power that does not rest on facts is worse than mindless, it is inherently dangerous,” Mr. Rakoff wrote in the case, S.E.C. v. Citigroup Global Markets. “In any case like this that touches on the transparency of financial markets whose gyrations have so depressed our economy and debilitated our lives, there is an overriding public interest in knowing the truth.”
The S.E.C. in particular, he added, “has a duty, inherent in its statutory mission, to see that the truth emerges.”"

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