Statement By Attorney General Eliot Spitzer Regarding The Webb Report

My office has been asked to consider whether legal action is warranted to recover compensation provided to former New York Stock Exchange (NYSE) Chairman and CEO Richard Grasso.

My office will review the Webb report and conduct its own investigation to determine whether there were violations of New York’s Not-for-Profit Corporation Law.

We will cooperate and coordinate with the Securities and Exchange Commission, which is reviewing the matter for possible violations of federal securities laws or NYSE rules.

Subsequent to completing our review, we will determine what action, if any, is necessary and appropriate.

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