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Here and here are my earlier posts on the lower court decision and the pending Court of Appeal decision.
This is going to make it very hard for NY to prevail against Grasso, since it will have to prove not only that the pay approved by a sophisticated board was illegal, but that Grasso knew it was and that he was wrong to accept it. Depositions in the case would seem to indicate this will be all but impossible.
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» Around the web, July 9 from PointOfLaw Forum
Paris's Le Figaro warns Europe against going down the U.S. path on class actions [The Moderate Voice] Tennessee docs hoping new law requiring 60 days notice and expert attestation of merit will curb dubious cases [Minch/Tennessean] Not much chance lawm... [Read More]
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