People v. Grasso

49 A.D.3d 303, 853 N.Y.2d 64
Appellate Division of the Supreme Court of the State of New York·Decided March 11, 2008·Published·Cited by 7 cases

Opinion

The underlying action was brought by the Attorney General to challenge compensation and benefits awarded to the former [304]*304CEO of the New York Stock Exchange (NYSE), Richard Grasso. A detailed discussion of the background of the litigation and the substance of the complaint is set forth in our decision in People v Grasso (42 AD3d 126 [2007]).

In May 2004, when the complaint in this action was filed, it was assigned to Justice Ramos. The case was removed to federal court at Grasso’s request in mid-June 2004. The federal court then remanded it back to Justice Ramos on December 9. During a December 15, 2004 conference call, the Attorney General advised the parties and the court that it had a 2002 letter sent by an executive search firm to the NYSE suggesting that Justice Ramos be considered for a position on the NYSE Board of Directors. The next day, Justice Ramos conferred with the parties and their counsel in chambers. Grasso’s counsel made it clear that his client had not been involved in employment applications. Counsel for the NYSE advised those present that it had located another letter, sent in October 2003 by the same executive search firm, again suggesting that Justice Ramos be considered for a position on the NYSE Board.

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People v. Grasso, 49 A.D.3d 303, 853 N.Y.2d 64 (N.Y. Ct. App. 2008).

49 A.D.3d 303 (People v. Grasso) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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