Money | Steven Rattner Rattner Pays $10M to Settle Pension Fund Case He admits no wrongdoing in case brought by Cuomo By John Johnson Posted Dec 30, 2010 1:10 PM CST Copied A 2009 file photo of Steven Rattner, former head of the Obama administration's task force on the auto industry. (AP Photo/J. David Ake, File) New York's nasty legal fight between Andrew Cuomo and investment banker Steven Rattner—two of the city's major players in Democratic circles—is finally over. Rattner, who also served as President Obama's point man for the auto bailout, will pay $10 million to settle accusations that his company paid kickbacks to secure state pension fund investments. He admitted no wrongdoing but will have to stay away from public pension funds for five years, reports the Wall Street Journal. From Cuomo, the attorney general who becomes governor next month: "I am gratified that we have been able to reach an agreement in this case, as it resolves the last major action of our multiyear investigation." And Rattner: "I apologize if during the course of this process there is anything I did that may have made reaching this agreement more difficult. I respect the work of the Attorney General and his staff ..." Read These Next JD Vance in hot water over birthday boating trip. Two state troopers were shot in Pennsylvania "Rock's forgotten genius" said no to Led Zeppelin. Kelly Clarkson's ex died a day after she disclosed he was ill. Report an error