Former NYSE Chairman Asks Appeals Court To Reinstate Lawsuit
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
The former New York Stock Exchange chairman, Richard Grasso, yesterday asked an appeals court to reinstate his lawsuit accusing the exchange’s ex-compensation chief, H. Carl McCall, of mishandling his pay package. A lower court judge in Manhattan dismissed Mr. Grasso’s lawsuit in August, ruling the former chairman failed to show any special duty owed him by Mr. McCall, who headed the panel that approved his pay package in August 2003. Disclosure of his compensation led to Mr. Grasso’s resignation.
