Democratic Underground - N.Y.'s Spitzer: Won't Settle Grasso Suit

N.Y.'s Spitzer: Won't Settle Grasso Suit [View All]

dArKeR

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Wed Jun-09-04 12:12 AM
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N.Y.'s Spitzer: Won't Settle Grasso Suit

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By Jake Keaveny

NEW YORK (Reuters) - New York Attorney General Eliot Spitzer said on Tuesday that he was no longer prepared to negotiate an out-of-court settlement with former New York Stock Exchange (news - web sites) Chairman Richard Grasso regarding his contentious $188 million pay package.

Speaking at a New York City conference hosted by Money magazine, Spitzer said he had made numerous attempts to negotiate with Grasso prior to filing a complaint last month, but was met with a "brick wall.

"No way, no how," Spitzer said. It is "absolutely inconceivable that I will settle it now. We can win this case."

The statements are the latest round in a battle that has been played out in the public sphere.

http://story.news.yahoo.com/news?tmpl=story&u=/nm/20040608/bs_nm/financial_spitzer_lawsuit_dc_4

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N.Y.'s Spitzer: Won't Settle Grasso Suit [View All]