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Richard Grasso

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BUSINESS
March 16, 2006 | From Bloomberg News
A judge on Wednesday denied a request by former New York Stock Exchange Chairman Richard Grasso to dismiss most of the claims that New York Atty. Gen. Eliot Spitzer had made in a lawsuit to recover some of the former executive's pay.
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ENTERTAINMENT
November 7, 2010 | By Steven Zeitchik, Los Angeles Times
Before he became the co-host of a low-rated CNN talk show, Eliot Spitzer was best remembered as a late-night punch line, if he was remembered at all. But what if the former New York governor was a victim? Or even a hero? That's the provocative argument put forth by a pair of new films about Spitzer, who was prompted to resign in March 2008 because of a prostitution scandal. In "Client 9: The Rise and Fall of Eliot Spitzer," which opens Friday in Los Angeles, Oscar winner Alex Gibney portrays a man felled not by his own vice but by a Shakespearean power struggle with people vindictively allied against him. And in "Inside Job," Oscar nominee's Charles Ferguson's dissection of the financial crisis, the director deploys the so-called Sheriff of Wall Street as both an expert and the film's moral conscience.
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BUSINESS
April 16, 2004 | From Associated Press
New York Atty. Gen. Eliot Spitzer's office is moving toward a lawsuit against former New York Stock Exchange Chairman and Chief Executive Richard Grasso to recover his $187.5-million pay package, two sources said. Attempts at negotiation between Spitzer's office and Grasso's representatives have not been fruitful, the sources said. A spokesman for Grasso denied talks had been held.
BUSINESS
July 2, 2008 | From Reuters
Former New York Stock Exchange chief Richard Grasso won a knockout victory Tuesday in his four-year fight to keep every last penny of his $187.5-million pay package. A New York appeals court threw out the state's remaining claims against Grasso, 61, giving him a second court victory in a week and prompting New York Atty. Gen. Andrew Cuomo to throw in the towel. The 3-1 ruling by the New York Supreme Court's appellate division follows the dismissal of other claims last week by the New York Court of Appeals, the state's highest court.
BUSINESS
May 4, 2004 | From Bloomberg News
The New York Stock Exchange recorded a $36-million expense at the end of 2003 to account for possible severance payments for Richard Grasso, who was ousted as chairman and chief executive after exchange members objected to his $140-million pay package, according to its new annual report. The NYSE is trying to recover some of the $140 million Grasso was paid.
BUSINESS
July 18, 2004
In reference to Richard Grasso's direction of $24 million in New York Stock Exchange funds to charities during his tenure as chairman ("Grasso's Gifts to Charities Disclosed," July 8), his spokesman declared that "Mr. Grasso is extremely proud of the donations made by the NYSE." Excuse me? This role model of corporate greed is proud of giving away other peoples' money? And without their knowledge? And apparently to his favorite personal charities? Please tell me what donations he made with his own funds!
BUSINESS
March 16, 2005 | From Times Wire Services
A New York state court judge Tuesday dismissed a defamation claim filed by former New York Stock Exchange Chairman Richard Grasso against his successor at the Big Board, John S. Reed. The defamation claim was part of Grasso's legal response to the excessive-compensation lawsuit brought against him by New York Atty. Gen. Eliot Spitzer.
BUSINESS
February 24, 2004 | From Bloomberg News
New York Stock Exchange Chief Executive John A. Thain said Monday that the Big Board expected former Chairman Richard Grasso to return a "very substantial" part of his multimillion-dollar pay package. Thain also said in an interview that he was trying to restore investor confidence in the NYSE by removing some limits on electronic trading and listening to listed companies that have complained about flaws in the trading of their stocks.
BUSINESS
February 28, 2004 | From Bloomberg News
Richard Grasso, the former chairman of the New York Stock Exchange, rejected the Big Board's demand that he return at least $120 million of his pay package, his lawyer said. And he may file suit to retrieve an additional $50 million. The comments were Grasso's first response since his September ouster from the world's largest stock exchange. Current exchange officials have called for him to return part of what they say is his excessive pay. "Mr.
BUSINESS
December 10, 2004 | From Associated Press
A lawsuit against former New York Stock Exchange Chairman Richard Grasso over his $187.5-million pay package has been sent back to state court after a federal judge ruled that it should not be heard in federal court. U.S. District Judge Gerard Lynch in New York said the case was best suited for state court because New York Atty. Gen. Eliot Spitzer filed the lawsuit claiming violations of state law.
BUSINESS
May 9, 2007 | Walter Hamilton, Times Staff Writer
An appeals court threw out part of the state's case against Richard Grasso on Tuesday, bolstering the former New York Stock Exchange chief's bid to hang on to his $187.5-million pay package. The appellate court dismissed four of six causes of action that then-Atty. Gen. Eliot Spitzer, who is now New York's governor, brought three years ago alleging that Grasso's pay was excessive and that most of it should be returned.
BUSINESS
November 3, 2006 | From Bloomberg News
New York Atty. Gen. Eliot Spitzer on Thursday put a number on the compensation he wants returned by Richard Grasso, the former chairman of the New York Stock Exchange: $112 million. Spitzer filed papers in New York state court in Manhattan as a follow-up to a judge's Oct. 19 ruling against Grasso in the pay scandal that led to his ouster in 2003.
BUSINESS
October 27, 2006 | From Bloomberg News
Richard Grasso, the former chairman of the New York Stock Exchange, told a state appeals court he would challenge a judge's ruling that he return as much as $100 million in compensation from the Big Board. In a motion filed in Manhattan, Grasso assailed an Oct. 19 court decision that he breached his duty to the exchange by not fully informing board members of his pay. In the ruling, Justice Charles Ramos ordered Grasso to return an unspecified portion of his $190-million package. New York Atty.
BUSINESS
September 12, 2006 | From Dow Jones/Associated Press
Former New York Stock Exchange chief Richard Grasso would like a new judge for his pending civil trial against New York Atty. Gen. Eliot Spitzer to ensure impartiality. Grasso's lawyers last week filed a motion to have the case reassigned to a different judge. New York State Judge Charles E. Ramos has been handling the pretrial stage of the case and is set to hear a trial that may start as soon as October. Spitzer sued Grasso, alleging that his $187.
BUSINESS
September 8, 2006 | From Bloomberg News
Richard Grasso dismissed the idea of settling the lawsuit that seeks to recover most of the $190 million he received as chairman and chief executive of the New York Stock Exchange, saying his reputation was at stake. "In any litigation, settlement is an expediency, but in litigation where your good name is involved, you never pursue a settlement," Grasso said in an interview Thursday. Grasso said the suit, filed on behalf of the NYSE by New York Atty. Gen.
BUSINESS
August 29, 2006 | From Bloomberg News
A New York state judge has dismissed former New York Stock Exchange Chairman Richard Grasso's civil lawsuit accusing former Big Board compensation committee chief H. Carl McCall of negligence in setting Grasso's pay. The decision made Friday by New York Supreme Court Justice Charles Ramos was related to New York Atty. Gen. Eliot Spitzer's civil lawsuit over Grasso's $187.5-million pay package, which claimed that it was excessive under state not-for-profit law.
BUSINESS
August 16, 2006 | From Bloomberg News
Richard Grasso, the former chairman of the New York Stock Exchange, filed court papers in an attempt to stop a judge from holding a trial without a jury on part of the state's challenge to his $190-million pay package. Grasso's lawyers argued in an appeal Tuesday that Supreme Court Judge Charles Ramos shouldn't divide the case. An appeals court clerk, Ronald Uzenski, said the judges were scheduled to decide by Sept. 5 whether to grant Grasso's request for a delay of the trial, set for Oct.
BUSINESS
August 16, 2006 | From Bloomberg News
Richard Grasso, the former chairman of the New York Stock Exchange, filed court papers in an attempt to stop a judge from holding a trial without a jury on part of the state's challenge to his $190-million pay package. Grasso's lawyers argued in an appeal Tuesday that Supreme Court Judge Charles Ramos shouldn't divide the case. An appeals court clerk, Ronald Uzenski, said the judges were scheduled to decide by Sept. 5 whether to grant Grasso's request for a delay of the trial, set for Oct.
BUSINESS
June 15, 2006 | From Bloomberg News
Former New York Stock Exchange Chairman Richard Grasso invoked his 5th Amendment right not to answer federal investigators' questions last year about his handling of a probe into illegal trading. Nine months later, Grasso denied wrongdoing answering many of the same questions during testimony related to New York Atty. Gen. Eliot Spitzer's lawsuit over his compensation as chairman. On Wednesday, the judge handling Spitzer's lawsuit turned down Grasso's request to seal the 2005 testimony.
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