Spitzer Demands Transcript Of Grasso Deposition

Law360, New York (March 16, 2006, 12:00 AM EST) -- Facing an $18 million civil lawsuit, former New York Stock Exchange chairman Richard Grasso allegedly invoked his Fifth Amendment right during a deposition last year, but now the office of New York Attorney General Eliot Spitzer is demanding further details.

On Thursday, Avi Schick, a lawyer for Spitzer’s office, informed the state court of his belief that Richard Grasso exercised his constitutional right not to incriminate himself at a June 2005 deposition conducted by the U.S. Securities and Exchange Commission.

The SEC was questioning Grasso on...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.