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Latest Spitzer Stories

2006-03-10 15:55:50

NEW YORK (Reuters) - New York Attorney General Eliot Spitzer is in the late stages of talks with a number of U.S. and foreign insurers and brokers resulting from a two-year investigation into bid-rigging and fraudulent use of finite insurance, a person familiar with the situation said on Friday. Spitzer, whose landmark civil suit against Marsh & McLennan Cos. in October 2004 alleged widespread price fixing and bid-rigging in insurance markets, expects to begin announcing a series...

2006-03-08 12:56:19

NEW YORK (Reuters) - In his first lawsuit to stop a radio practice known as payola, New York Attorney General Eliot Spitzer on Wednesday said he sued Entercom Communications Corp., accusing the radio broadcaster of accepting payoffs in exchange for airplay. Spitzer accused Entercom, one of the biggest U.S. radio broadcasters, of trading air time for gifts, promotional items and personal trips, and soliciting and accepting payments from record labels to play the music of such artists...

2006-03-07 11:20:19

By Chris Sanders NEW YORK (Reuters) - Former chairman of the New York Stock Exchange, Richard Grasso, on Tuesday said it was too late to settle a lawsuit filed by New York Attorney General Eliot Spitzer over his $193 million pay package. "I think it is way beyond that at this juncture," Grasso told reporters as he went into a Manhattan lawyers office to give a deposition in the case closely watched on Wall Street. Spitzer sued Grasso in May 2004, saying his pay package was excessive...

2006-03-07 09:49:24

NEW YORK (Reuters) - Richard Grasso, the former chairman of the New York Stock Exchange, on Tuesday said it was too late to settle a lawsuit filed by New York Attorney General Eliot Spitzer over his controversial $193 million pay package. "I think it is way beyond that at this juncture," Grasso told reporters as he went into a Manhattan lawyers' office to give a deposition in the case. Spitzer sued Grasso in May 2004, saying his pay package was excessive under New York's...

2006-02-16 15:52:38

NEW YORK (Reuters) - New York Attorney General Eliot Spitzer's lawsuit challenging compensation granted to former New York Stock Exchange Chairman Richard Grasso is set to begin October 30. Manhattan state court Judge Charles Ramos scheduled the date, which comes just a week before Spitzer seeks election as the state's governor on November 7. Lawyers for the NYSE and for Grasso were not immediately available for comment. Spitzer in May 2004 filed suit to compel Grasso to return a...

2006-02-15 14:35:00

NEW YORK (Reuters) - New York state has sued the U.S. Environmental Protection Agency for failing to divulge information about the levels of toxins that paint manufacturers are allowed to release into the air. State Attorney General Eliot Spitzer called the information critical to the state's ability to enforce environmental laws and announced on Wednesday he was suing Washington under the federal Freedom of Information Act and the Clean Air Act. "After being denied access to records about...

2006-02-15 12:35:47

NEW YORK (Reuters) - New York state has sued the U.S. Environmental Protection Agency for failing to divulge information about the levels of toxins that paint manufacturers are allowed to release into the air. State Attorney General Eliot Spitzer called the information critical to the state's ability to enforce environmental laws and announced on Wednesday he was suing Washington under the federal Freedom of Information Act and the Clean Air Act. "After being denied access to records...

2006-02-01 16:26:02

NEW YORK (Reuters) - New York state has barred a leader of the World Jewish Congress from any financial duties after an investigation found he mishandled group funds and failed to keep adequate records. A whistle-blower central to the probe on Wednesday called the decision vindication for those who alleged financial mismanagement at the nonprofit group, which formed in 1936 to fight Nazi persecution. Former WJC Secretary-General Israel Singer will relinquish all financial management...

2006-01-24 11:29:24

NEW YORK (Reuters) - Maurice "Hank" Greenberg, the former chief executive ousted by American International Group last year amid regulatory probes, stepped up his legal defense efforts by seeking internal documents and testimony from New York Attorney General Eliot Spitzer's office. Greenberg's team last week also prevailed in efforts to gain access to an internal report prepared for AIG's independent directors last year, a spokesman said on Tuesday. Getting the report is significant...

2006-01-10 12:56:43

NEW YORK (Reuters) - New York retailers of gasoline or other products would be presumed to be illegally price-gouging under a new law if they raised their prices or markups 25 percent or more after a market disruption like a hurricane, the state's attorney general said on Tuesday. Eliot Spitzer, a candidate for New York governor in this year's election, said his proposed new law would clarify the state's statutes on gouging, which he said are vague and overly limit damages. The new...


Word of the Day
omphalos
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.
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