Andrew M. Cuomo, the attorney general of New York, on
Thursday sued Steven L. Rattner over his role in kickbacks to
secure investment business from the New York State pension
fund.
The attorney general filed two lawsuits, seeking at least $26
million from Mr. Rattner and a lifetime ban from the
securities industry in New York. Mr. Rattner was also added
to a forfeiture action against Hank Morris, a top adviser to
a former New York State comptroller, Alan G. Hevesi.
The lawsuits came as the Securities and Exchange Commission
announced a settlement with Mr. Rattner in which he agreed to
pay $6.2 million in disgorgement and penalties. He will also
be banned from "associating with any investment adviser or
broker dealer" for two years.
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