The arbitration case between Steven Rattner '74 P'10 P'13 P'15, former fellow for the Corporation, the University's highest governing body, and the private investment firm Quadrangle Group has ended in a settlement, the New York Times reported Tuesday. The case had been "amicably and conclusively resolved," Quadrangle executives wrote in a Feb. 1 letter to investors. The letter did not specify if a monetary agreement was reached, the Times reported.
Rattner, who co-founded Quadrangle, had filed claims for an unspecified amount of money he said the firm owed him when he left in 2009.
Shortly after Rattner's departure, the Securities and Exchange Commission and then-State Attorney General and current Governor Andrew Cuomo launched an investigation against Quadrangle, alleging Rattner participated in a ploy to generate kickbacks for the company from a state pension fund.
After settling with the SEC in 2010, Quadrangle issued a statement calling Rattner's conduct "inappropriate, wrong and unethical."
Rattner, a former Herald editor-in-chief, admitted no wrongdoing. At the end of 2010, he paid $10 million to settle with the SEC and attorney general's office. He was temporarily banned from the securities industry and from appearing before a public pension fund.
Last week's Quadrangle letter thanked Rattner for "substantial contributions to the firm over the years."
Neither Rattner nor Quadrangle representatives returned requests for comment.
