On Eve Of Hearing, Langone Lashes At Spitzer

Law360 (July 25, 2006, 12:00 AM EDT) -- With a courtroom battle on the horizon, the legal bout between regulators and former management at the New York Stock Exchange Inc. is approaching its boiling point, with former director Kenneth G. Langone accusing New York Attorney General Eliot Spitzer in court documents of misconstruing evidence.

Langone has been in Spitzer’s crosshairs because he headed the NYSE’s compensation committee in 2003 when the group approved a $187.5 million compensation package for former NYSE chairman Richard Grasso.

Spitzer sued Langone, the NYSE and Grasso in May 2004,...
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