Grasso Dubious Of Settlement Potential

Law360, New York (April 18, 2006, 12:00 AM EDT) -- Smacked with an $18 million civil lawsuit, former New York Stock Exchange Chairman Richard Grasso remains skeptical that a settlement can be reached with New York State Attorney General Eliot Spitzer but has vowed to consider a judge’s pleas for an out-of-court deal.

"I think we are well beyond a point where settlement seems likely. But this is a very persuasive judge, and he's a long-seated justice who has enormous respect from both sides,” Grasso told reporters on Tuesday.

The tarnished executive and former NYSE director...
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.