Grasso Wins Stay In Executive Compensation Case

Law360, New York (September 14, 2006, 12:00 AM EDT) -- Former New York Stock Exchange chief Richard Grasso won a delay Thursday for the start of his trial for excessive executive compensation, allowing for some pretrial appeals to be decided beforehand.

Grasso’s attorneys have appealed two decisions by New York Supreme Court Justice Charles Ramos. They questioned his refusal to throw out four of six claims challenging Grasso’s pay, as well as his decision to have a bench trial.

Grasso’s lawyers are asking that a new judge be appointed to oversee the case, contending that various...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.