Court dismisses more claims in Grasso case: report

1/07/2008 - 17:31

NEW YORK (Reuters) - A New York court has dismissed more claims against former New York Stock Exchange chief Richard Grasso brought by state officials who want him to return part of his $187.5 million pay package, CNBC reported on Tuesday.

A copy of the ruling was not immediately available. The decision by the state Supreme Court's appellate division can still be appealed to the New York Court of Appeals, which last week ruled in Grasso's favor in his efforts to throw out other parts of the case, CNBC said.

Grasso, who ran the exchange for eight years, was sued by state officials in 2004 after an uproar over the size of his pay package.

(Reporting by Martha Graybow; editing by Jeffrey Benkoe)

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