Attorneys for former New York Stock Exchange Chairman Richard A. Grasso argued Wednesday that Grasso had fulfilled his fiduciary duty to the exchange and should be allowed to keep his $187.5 million compensation package.

“[He acted] as a reasonably prudent person would act,” Gerson A. Zweifach, a Washington D.C.-based partner at Williams & Connolly who represents Grasso, said in oral arguments before a New York Appellate Division, 1st Department, panel.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]