Marsh cleared of allegations on kickbacks
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Executives at the British operations of Marsh &amp; McLennan, the world&#39;s largest insurance broker, breathed a sigh of relief yesterday after law firm
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Jeffrey W. Greenberg yesterday resigned as chairman and chief executive of embattled Marsh &amp; McLennan Cos. and said that the firm will announce &quot;significant reforms&quot; today, a move that avoids criminal prosecution of the insurance broker.
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Struggling to reorganize after being accused of cheating its customers, Marsh &amp; McLennan, the world&#39;s largest insurance broker, said yesterday that it was removing the five company executives
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MARSH &amp; MCLENNAN, the insurance broker, is to axe 3,000 jobs to help to prop up its flagging profits, which have been hurt by a $232 million (Â£125 million) charge to cover a potential settlement with Eliot Spitzer, the New York attorney-general.
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WASHINGTON -- The Supreme Court on Tuesday curbed investor lawsuits against businesses accused of scheming to inflate stock prices.
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Giant insurance broker Marsh and McLennan is now expected to escape criminal charges over illegal payments. It has been the subject of legal action over the payments by New Yrok attorney general Eliot Spitzer.
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Wendy Alexander is cleared by a watchdog of wrongdoing over donations to her Labour leadership campaign.
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NEW YORK -- Marsh &amp; McLennan Companies Inc. announced Friday that it was suspending its practice of using &quot;market services agreements&quot; with insurance carriers.
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Marsh &amp; McLennan Companies Inc. said Friday it was suspending its practice of using &quot;market services agreements&quot; with insurance carriers, which the New York attorney general has alleged were used to rig bids, cheating customers.
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Two men accused of furnishing money and fresh recruits to the militant Palestinian group Hamas were acquitted by a federal jury Thursday of racketeering but convicted on lesser charges.
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Â· Company accused of circumventing bribery lawÂ·  Firm accuses ex-manager of taking kickbacks
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Company said settlement for bid rigging claim likely this month, but says investigation is ongoing. NEW YORK  - Marsh &amp; McLennan Cos.
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Broker Marsh &amp; McLennan Cos.&#39; (MMC.N: Quote, Profile, Research) internal investigation into accusations of insurance bid-rigging has triggered the dismissal of four executives in recent days, a company representative said on
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Bankrupt auto parts maker Delphi Corp  said on Friday it has settled class action lawsuits by shareholders and employees that grew out of financial restatements that were the subject of civil fraud charges the company settled last year.
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U.S. prosecutors on Friday dropped criminal securities fraud charges against a former New York Stock Exchange floor trader, after dropping a similar charge against another defendant late last month.
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The nation's largest insurance broker, Marsh & McLennan Cos., agreed Monday to repay customers $850 million and revamp its business practices to settle charges that the company had accepted kickbacks and conspired with insurers to rig bids over the past four years.
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A Houston jury Wednesday acquitted a former Enron accountant but found five other defendants guilty of wire fraud and conspiracy. The jury cleared Sheila Kahanek of all charges