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JUDGE REJECTS GRASSO MOTION FOR RECUSAL NEW YORK � Former New York Stock Exchange Chairman Richard Grasso received two decisions in New York courts Thursday that affect the course of the excessive pay lawsuit filed against him by Attorney General Eliot Spitzer. Supreme Court Justice Charles Edward Ramos Thursday afternoon rejected a request by Grasso to reassign the case to another judge. Earlier in the day, the Appellate Division, First Department, however, agreed to order a stay of Grasso’s trial until his appeals are decided. Grasso has appealed two of Justice Ramos’ rulings. One involves his decision not to dismiss four of the six counts filed against him by Spitzer. The second asks the appeals court to overturn the judge’s decision to hold a bench trial over the issue of whether Grasso’s $187.5 million payment package was reasonable.

New York Law Journal

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