Start spending, Dick. A week after New York's top court tossed four of six counts against Richard Grasso, a different state appellate court ruled on July 1 he can keep every penny of the $187.5 million he pocketed during his eight years as chief of the New York Stock Exchange. The decision amounts to a dramatic reversal of ...

A four-year prosecution of the former New York Stock Exchange boss, Dick Grasso, collapsed yesterday as an appeal court ruled that the US authorities had no right to challenge the controversial Wall Street figure's pay package of $187.5m (£94m). By a three-to-one ruling, a panel of judges in Manhattan dismissed the final two parts of a ...

The four-year legal battle over former NYSE Chairman Richard Grasso's $187.5 million compensation package ended Tuesday when a New York appeals court dismissed claims against him of excessive pay and the state's top prosecutor said the case was closed. "We have ...