"There is absolutely no way, no how we will settle this case," Spitzer told CBS Marketwatch.com. The lawsuit, which seeks more than $100 million of Grassos $139.5 million buyout that he received when he left the Big Board, was reported last month to be in settlement talks. Spitzer was said to have lowered his demand to $50 million, as long as Grasso agreed to not try and gain an extra $48 million he says the Exchange still owes him.
"I tried for months to reach a settlement and was met by a brick wall on the other side," Spitzer said earlier. "I'm tired of it, I'm sick of it and I'm ready for trial."
