Rattner Settles, Sued

After reaching agreement with S.E.C., financier and former car czar faces two Cuomo lawsuits over role in kickbacks involving New York pension fund Thursday.

Steve Rattner Statement:

While settling with the S.E.C. begins the process of putting this matter behind me, I will not be bullied simply because the attorney general’s office prefers political considerations instead of a reasoned assessment of the facts.

This episode is the first time during 35 years in business that anyone has questioned my ethics or integrity — and I certainly did not violate the Martin Act. That’s why I intend to clear my name by defending myself vigorously against this politically motivated lawsuit.