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A New York appellate panel has reinstated a libel claim initiated by deposed head of the New York Stock Exchange Richard A. Grasso against the stock exchange and John S. Reed, the executive who replaced Grasso as chairman. In March, Manhattan Supreme Court Justice Charles E. Ramos dismissed the claim, one of five cross-claims Grasso made in the ongoing litigation over his compensation. Thursday, the panel unanimously reversed Ramos' decision.
October 03, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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