A Manhattan appeals court Tuesday morning threw out the remaining state claims challenging the hotly disputed $187.5 million compensation package of Richard A. Grasso, the former New York Stock Exchange chairman.
The Appellate Division, 1st Department held in a 3-1 decision that the exchange’s conversion to a for-profit corporation extinguished the attorney general’s authority to prosecute an action brought in 2004 against Grasso based on alleged violations of the Not-for-Profit Corporation Law.
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