Supreme Court Justice Charles E. Ramos of Manhattan has “effectively circumvented” the Appellate Division, 1st Department, by ruling that former New York Stock Exchange Chairman Richard A. Grasso must repay $100 million or more to his former employers, attorneys for Grasso have charged.
The attorneys argued in court filings Monday that Ramos’ latest decision in the dispute over Grasso’s $187.5 million pay package should have been forestalled by an Appellate Division stay of an earlier decision that he would conduct a bench trial on the reasonableness of Grasso’s compensation.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
For questions call 1-877-256-2472 or contact us at [email protected]