Spitzer Says Grasso Owes NYSE $112.2M

Law360, New York (November 3, 2006, 12:00 AM EST) -- Embattled ex-New York Stock Exchange chairman Richard Grasso should return $112.2 million to his former employer, New York Attorney General Eliot Spitzer said in a court filing Thursday.

Spitzer's office concluded Grasso must return $81.5 million in pension payments made to him in September 2003, $12.35 million in interest on two loans extended to him and $18.32 million of unvested funds paid to him from his supplemental executive retirement plan, or SERP, in September 2003.

Last month, New York Supreme Court Judge Charles Ramos granted partial...
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