Spitzer To Sue Grasso, Predicts Wall Street Journal

New York Attorney General Eliot Spitzer is preparing to sue former New York Stock Exchange chairman Dick Grasso and the NYSE board which approved Grasso's controversial pay package, according to a report in the Wall Street Journal. The story, citing

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New York Attorney General Eliot Spitzer is preparing to sue former New York Stock Exchange chairman Dick Grasso and the NYSE board which approved Grasso’s controversial pay package, according to a report in the Wall Street Journal. The story, citing an anonymous source, says Spitzer is prepared to sue Grasso for the return of as much as $120 million in pay he received. But a final decision has yet to be made. New NYSE CEO John Thain has said the NYSE wants a “very substantial return” of Grasso’s pay.

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