Marsh May Face $500 Million Penalty
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The price for settling state charges of collusion and bid rigging by the nation's largest insurance broker could be "far higher" than $500 million, the New York Attorney General said today.
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MOSCOW The Russian oil company Yukos will have to pay a heavy price for not paying its taxes on time. The Moscow Arbitration Court ruled today it must pay some one-point-four (b) billion dollars in fines and
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Marsh &amp; McLennan Companies Inc. is looking to collect about $230 million in incentive fees at the heart of a bid-rigging probe by New York authorities as a way to help fund a possible settlement over the questioned fees.
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Eliot Spitzer&#39;s filed a complaint against Marsh &amp; McLennan in State Supreme Court in Manhattan Thursday, alleging that the insurance broker received payments from companies to reward it for steering business their way.
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New York Attorney-General Eliot Spitzer has been conducting a probe of the insurance industry but now says he will not bring criminal charges against the world&#39;s biggest insurance broker, Marsh &amp; McLennan.
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The price for settling state charges of collusion and bid-rigging by America&#39;s largest insurance broker could be &quot;far higher&quot; than $500 million, New York Attorney General Eliot Spitzer said Thursday.
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TV network CBS fights the record $500,000 fine imposed following Janet Jackson's breast-baring incident.
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$500 million goes into the buyback kitty.
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Business & money: Investors who buy shares in companies to agitate for change could face fines or even prosecution.
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Beazer Homes USA Inc.  may be fined more than $1.3 million by the State of New Jersey, which accused the company of violating wetland permits, the company said in a regulatory filing on Friday.
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Marsh &amp; McLennan will start handing out 3,000 pink slips today - most at its Sixth Avenue headquarters. They&#39;re victims of a bid-rigging scandal that has punished profits
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The price for settling state charges of collusion and bid-rigging by the nation's largest insurance broker could be ''far higher&quot; than $500 million, New York Attorney General Eliot Spitzer said yesterday.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker accused by New York&#39;s Attorney General Eliot Spitzer of bid-rigging fraud, on Thursday said five
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Placement fees charged by broker Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) may be unethical and under intense scrutiny by regulators, but that
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Marsh &amp; McLennan Cos. revealed what&#39;s at stake in the probe into its behavior by New York Attorney General Eliot Spitzer, saying
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INSURANCE broker Marsh &amp; McLennan will take a massive hit from closing down its controversial commission- generating scheme with other firms, as demanded by New York Attorney General Eliot Spitzer.
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Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) , the insurance broker accused by New York&#39;s Attorney General Eliot Spitzer of bid-rigging fraud, on