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PEOPLE v. GRASSO

12 Misc.3d 384 (2006)

816 N.Y.S.2d 863

THE PEOPLE OF THE STATE OF NEW YORK, by ELIOT SPITZER, as Attorney General of the State of New York, Plaintiff, v. RICHARD A. GRASSO, KENNETH G. LANGONE and NEW YORK STOCK EXCHANGE, INC., Defendants. RICHARD A. GRASSO, Cross Claim Plaintiff, v. NEW YORK STOCK EXCHANGE, INC. et al., Cross Claim Defendants. RICHARD A. GRASSO, Third-Party Plaintiff, v. H. CARL McCALL, Third-Party Defendant.

Supreme Court, New York County.

March 15, 2006.

Attorney(s) appearing for the Case

William & Connolly, LLP, Washington, D.C. (Brendan V. Sullivan, Gerson A. Zweifach, Victoria Radd Rollins and Steven M. Farina of counsel), and DLA Piper Rudnick Gray Cary US LLP, New York City (Marc C. Zauderer and Jonathan D. Lupkin of counsel), for Richard A. Grasso, defendant.

Eliot Spitzer, Attorney General, New York City (Avi Schick and David Axinn of counsel), for plaintiff.

OPINION OF THE COURT

CHARLES EDWARD RAMOS, J.

In motion sequence 014, defendant Richard A. Grasso moves, pursuant to CPLR 3211 (a) (7), to dismiss four out of the six causes of action brought against him by the People of the State of New York, by and through their attorney, Eliot Spitzer, Attorney General of the State of New York. The Attorney General seeks to enforce that part of the Not-For-Profit Corporation Law which requires reasonable compensation...

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