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Home / NY: Former AG Elliot Spitzer Loses AgainNY: Former AG Elliot Spitzer Loses Again
Last Updated on Wednesday, 2 July 2008 11:41 Written by rslcpol Wednesday, 2 July 2008 11:32
How appropriate – another undoing of Eliot Spitzer caused by his own personal interpretation of the law. The beats keep coming for Love Client Number 9. From the New York Post:
Dick Grasso is officially $190 million richer today, and says he holds “no malice” against former nemesis Eliot Spitzer for trying to strip him of the cash.
Grasso’s generous words came yesterday after he scored a technical knockout in the final round of his four-year legal fight to keep his disputed paycheck as New York Stock Exchange chief.
“For all intents and purposes, the Grasso case is over,” a spokesman for state Attorney General Andrew Cuomo said.
Killing the case cost a mere $70 million in legal fees, which are being paid by insurance.
Last week, the state Court of Appeals threw out the four toughest claims against Grasso. Yesterday’s ruling tossed out the final two counts.
The court also slammed the door for good on the tangled case, baring Cuomo from picking up the fight originally waged by Spitzer when he was AG. Spitzer sued Grasso in 2004, accusing him of illegally taking a bloated paycheck and retirement cache from the NYSE, which at the time was a not-for-profit corporation technically governed by the AG’s office.