Legal Opinion

People v. Grasso

New York Court of Appeals

Decided June 25, 2008PublishedCited by 18 opinions

1Opinion of the Court

OPINION OF THE COURT

Chief Judge Kaye.

This appeal arises out of compensation paid by the New York Stock Exchange (NYSE) to Richard A. Grasso, Chairman and Chief Executive Officer from 1995 until his resignation in September 2003. At all times relevant to this appeal the NYSE was a New York not-for-profit corporation regulated by the Not-For-Profit Corporation Law (N-PCL).1 The present challenge is to four of the eight causes of action brought by the Attorney General charging that the compensation paid to Grasso was excessive.

The Allegations of the Complaint

Three agreements, executed in 1995,…

2Cases cited7 opinions

  1. Alfred L. Snapp & Son, Inc. v. Puerto Rico Ex Rel. BarezSupreme Court of the United States · 1982
  2. Sheehy v. Big Flats Community Day, Inc.New York Court of Appeals · 1989
  3. Mark G. v. SabolNew York Court of Appeals · 1999
  4. Uhr v. East Greenbush Central School DistrictNew York Court of Appeals · 1999
  5. STATE OF NY BY ABRAMS v. General Motors Corp.District Court, S.D. New York · 1982

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3Cited by18 opinions

  1. AHA Sales, Inc. v. Creative Bath Products, Inc.Appellate Division of the Supreme Court of the State of New York · 2008
  2. Goldman v. Simon Property Group, Inc.Appellate Division of the Supreme Court of the State of New York · 2008
  3. People v. Credit Suisse Sec.New York Court of Appeals · 2018
  4. People v. GrassoAppellate Division of the Supreme Court of the State of New York · 2008
  5. U.S. Small Bus. Admin. Funding Corp. v. FeinsodDistrict Court, E.D. New York · 2018

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