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Article: New York Ends Grasso Compensation Lawsuit; Prosecutors Fail in Attempt to Rein in Pay
- Article from:
- The Washington Post
- Article date:
- July 2, 2008
- Author:
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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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New York Attorney General Andrew M. Cuomo yesterday dropped his
case challenging the nearly $190 million compensation package of
former New York Stock Exchange chairman Dick Grasso, hours after a
state appeals court dismissed the two remaining claims.
The ruling came less than a week after the state's top court
tossed out four other claims stemming from a 2004 lawsuit brought by
former state attorney general Eliot L. Spitzer.
Cuomo could have continued the prosecution after the court
decision yesterday but would have had to seek permission for a
review -- and obtain a reversal -- from the Court of Appeals,
the state's highest court.
"We have reviewed the Court's opinion and determined ...
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