Mike Perry, the chief executive at IndyMac before it was seized by the Federal Deposit Insurance Corp. (FDIC) in 2008, has agreed to settle the last remaining negligence claim against him by the Securities and Exchange Commission (SEC) by paying an $80,000 fine.

The SEC, which had vowed last month to press ahead with civil fraud charges against Perry, instead agreed to accept the settlement and forego any appeals after U.S. District Judge Manuel L. Real of California's Central District gutted the government's case in several previous rulings.

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