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Dick Grasso Scores Another Win In NYSE Compensation Case

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Perhaps the highest profile Wall Street case brought by then New York Attorney General Eliot Spitzer continues to unravel. The New York Court of Appeals, New York state's highest court, this morning issued a ruling upholding a lower court decision in Spitzer's lawsuit over the compensation paid to former New York Stock Exchange CEO Richard Grasso. The lower court ruling had tossed out four of six claims filed against Grasso. This morning's decision puts those claims to rest permanently.
The ruling will likely make it more difficult to challenge Grasso's compensation package, reported Charlie Gasparino, who broke the story on CNBC this morning.