Grasso finally vanquishes Spitzer

Jim Kim — Wed, 25 Jun 2008 21:11:56 -0400

Truth be told, former NYSE chairman Dick Grasso's battle against former New York State Attorney General Eliot Spitzer was looking better, even before Spitzer imploded amid revelations that he used an escort service. This week, yet another nail was driven into Spitzer's public-life coffin: The New York State Court of Appeals agreed with a lower court ruling that chucked four of six counts brought by Spitzer against Grasso that would have forced the latter to pay back $187.5 million of compensation he amassed during his time at the Big Board. As of now, the New York Times reports, a ruling that Grasso breached his duties and must pay back $100 million still stands. Regardless, this has to count as a big, satisfying win for Grasso, whose enmity toward Spitzer is well known. You now have to wonder if Andrew Cuomo will seek a settlement to end the saga once and for all.

For more:
- here's the New York Times article

Former Nyse Chairman

Grasso finally vanquishes Spitzer