Legal Opinion
New York v. Grasso
District Court, S.D. New York
Decided December 9, 2004No. 04 Civ. 4565(GEL)PublishedCited by 3 opinions
1Opinion of the Court
OPINION AND ORDER
LYNCH, District Judge.
The Attorney General of the State of New York (“AG”) brings this action in New York State Supreme' Court against the New York Stock Exchange (“NYSE”) and its former Chairman and Chief Executive Officer, Richard A. Grasso, alleging that the NYSE violated New York’s Not-for-Profit Corporation Law by paying Grasso compensation that was not “reasonable” and “commensurate with services performed” as required by the law. See N.Y. Not-for-Profit Corp. Law § 202(a)(12). Grasso removed the case to this Court, and the AG now moves to remand the case to the state…
2Cases cited15 opinions
- Caterpillar Inc. v. WilliamsSupreme Court of the United States · 1987
- Franchise Tax Bd. of Cal. v. Construction Laborers Vacation Trust for Southern Cal.Supreme Court of the United States · 1983
- Merrell Dow Pharmaceuticals Inc. v. Thompson Ex Rel. ThompsonSupreme Court of the United States · 1986
- Beneficial National Bank v. AndersonSupreme Court of the United States · 2003
- Willingham v. MorganSupreme Court of the United States · 1969
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3Cited by3 opinions
- In re Standard & Poor's Rating Agency LitigationDistrict Court, S.D. New York · 2014
- People v. GrassoNew York Supreme Court · 2006
- Grievance Comm. for Tenth Judicial District v. PollackDistrict Court, S.D. New York · 2009