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Article: Court Agrees to Delay Grasso Compensation Trial
- Article from:
- The Washington Post
- Article date:
- September 15, 2006
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Copyright informationThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Former New York Stock Exchange chairman Dick Grasso won a delay
in his trial over a $190 million pay package that New York Attorney
General Eliot L. Spitzer claimed was excessive.
A state appeals court pushed back the Oct. 16 trial date until it
can rule on two Grasso appeals.
One challenges the trial judge's refusal to throw out four of six
Spitzer claims about Grasso's pay. The other, set for an October
hearing, attacks the same judge's decision to hold a non-jury trial
on whether the compensation was unreasonable.
The postponement, opposed by Spitzer, may give Grasso a better
chance to win the case. The delay may also put any loss for Spitzer,
the Democratic candidate for New York ...
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