Civil lawsuits mount against brokers accused of bid-rigging
21516
The insurance broker accused by the New York attorney general of bid rigging and price fixing faces another threat: lawsuits filed by angry customers and the company&#39;s own shareholders, who are upset the company&#39;s stock has plummeted.
278605
New York Attorney General Eliot Spitzer yesterday sued Putnam Investments parent Marsh &amp; McLennan Cos. , alleging the nation's largest insurance brokerage received payoffs from insurers for steering clients to them instead of finding the best prices for its customers.
435343
The Securities and Exchange Commission has sued JB Oxford Holdings Inc., a small brokerage and clearing company, and three of its executives for allegedly helping customers from as far away as Switzerland improperly trade fund shares.
126414
Dow Jones & Co. Inc.  board member David Li, a prominent Hong Kong banker, may face civil charges in a U.S. Securities and Exchange Commission insider trading investigation linked to News Corp.'s  $5 billion bid for the U.S. media company.
245919
The New York state attorney general accused the world's largest insurance broker of cheating customers by rigging prices in exchange for kickbacks.
581279
A U.S. real estate investment trust sued HSBC Holdings'  broker-dealer unit, alleging it took advantage of the credit crisis to profit at the expense of the fund.
573824
Citigroup Inc. C.N faces a lawsuit  from angry investors who allege they were defrauded in a  "massive scheme of deception" when they bought securities tied  to the credit-worthiness of bankrupt energy trader Enron Corp.  ENRNQ.PK.
245211
Citigroup (C) faces a lawsuit from angry investors who say they were defrauded in a &quot;massive scheme of deception&quot; when they bought securities tied to the credit-worthiness of bankrupt energy trader Enron (ENRNQ).
387027
Securities regulators sued two former financial advisers at Morgan Stanley  on Friday for defrauding about 50 mutual fund companies by hiding certain hedge fund trades worth billions of dollars.
356074
Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker sued by New York Attorney General Eliot Spitzer last week for its business practices, said on Monday
697034
Fannie Mae , under fire from regulators, is facing a groundswell of lawsuits from class-action specialists for billions of dollars in stock losses stemming from the company's faulty accounting.
450441
Brokers required to provide competing bids to customers have been taking payoffs from insurance companies resulting in widespread corruption in the industry, New York's Attorney General charged today.
222831
Marsh &amp; McLennan, the US insurance broker accused of rigging the market to win bogus fees from customers, yesterday warned lines of credit from lenders
363331
The Securities and Exchange Commission filed a lawsuit on Wednesday against the brokerage firm JB Oxford Holdings and its National Clearing Corporation unit, accusing them of improper mutual fund trading.
153074
A former chief operating officer at a Marsh & McLennan Cos. Inc. unit has sued the world's largest insurance broker by market value, alleging he was not properly compensated after being fired in the aftermath of a 2004 bid-rigging scandal.
493606
ALBANY, NY -- The man who made Wall Street reform its ways is now charging widespread corruption in the insurance industry. He alleged that brokers have been taking payoffs from insurance companies to steer
395815
New York&#39;s attorney general sued the nation&#39;s leading insurance brokerage yesterday, accusing brokers of taking payoffs to steer clients to insurance companies that were not necessarily offering the lowest prices for their policies.