Grasso gets a break from the court
Headline News
In a 3-2 decision, the court yesterday dismissed four of the six charges brought by former New York Attorney General Eliot Spitzer.
Initially, Mr. Spitzer, now governor of New York, filed suit against Mr. Grasso in 2004, charging that the chairman’s $187.5 million pay package—which was accumulated between 1995 and 2003—violated state law.
Among the claims dismissed was the assertion that Mr. Grasso’s pay was not “commensurate with the services performed” and that it was “against public policy,” according to Bloomberg News.
As a result, lawyers representing the state will now have to prove that Mr. Grasso knew his pay was unreasonable.
Mr. Grasso has another case to contend with: Last year, a New York State Supreme Court ruling ordered him to return up to $100 million of his pay.
In that case, Mr. Spitzer argued that Mr. Grasso did not notify the NYSE’s board members of his rising pension benefits.
Mr. Grasso has already appealed that decision, saying that the board was aware of his pay, according to the New York Times.
Related listings
-
Senate committee subpoenas Gonzales for Rove emails
Headline News 05/03/2007[##_1L|1376635287.jpg|width="140" height="135" alt=""|_##]The US Senate Judiciary Committee issued a subpoena to US Attorney General Alberto Gonzales Wednesday, demanding that he turn over any e-mails he received from White House political adviser Ka...
-
Giuliani's Link to Texas Law Firm Could Cost Votes
Headline News 05/02/2007[##_1L|1218735781.jpg|width="120" height="120" alt=""|_##]Republican presidential candidate Rudolph Giuliani's links to a Texas law firm with connections to the oil industry could be risky, the New York Times reports. Giuliani joined the 400-lawyer f...
-
The Cochran Firm joins suit over tot's death
Headline News 04/28/2007The law firm founded by the late Johnnie Cochran Jr. has joined the team representing a woman whose toddler was shot to death during in a gunbattle between the child's father and a police SWAT team, according to court papers. Brian Dunn of The Cochra...
New Rochelle, New York Personal Injury Lawyers
If you or a loved one has been injured in an accident, contact Kommer, Bave & Ollman, LLP, in New Rochelle, New York, immediately. We can answer all your questions and work with you to determine if you have the grounds for a personal injury lawsuit. The attorneys at our firm are determined to resolve even the most difficult of cases. We will work closely with you to determine the best course of action to get your claim or case resolved in the most efficient way possible. We will fight for your right to compensation! No one should have to suffer a financial burden from the result of another person’s carelessness. The attorneys at Kommer, Bave & Ollman, LLP will aggressively fight to ensure that justice is served on your behalf.