Steven Rattner, one of the co-founders of the private-equity firm named Quadrangle Group LLC, will shell out ten million dollars for settling kickback charges in which New York's pension fund is involved. The amount of settlement is less than half of the twenty six million dollars that the state Attorney General Andrew Cuomo sought in the case.

It has been reported that law enforcement agencies have scaled another echelon in their investigation of the Obama administration's former auto industry advisor. They have come to a settlement with the private-equity firm that he had co-founded. Steven Rattner, former auto industry advisor to the Obama Quadrangle Group, New York Attorney General Andrew M.

After successfully overseeing the US government endeavors of helping Chrysler and General Motors emerge speedily from bankruptcy restructuring proceedings, Steven Rattner has stepped down as the head of the Obama administration's auto task force.