Marsh &amp; McLennan halts fees at center of probe
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Marsh &amp; McLennan Cos. said yesterday 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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It's time to stop a hidden fund fee.
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Marsh & McLennan Cos. revealed what's  at stake in the probe into its behavior by New York Attorney  General Eliot Spitzer, saying it generated $845 million of fat  fees from a practice at the center of a bid-rigging scandal.
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Seoul, Korea-based Samsung Electronics Co. said today it has set aside $100 million to cover costs associated with the price-fixing investigation by the US Department of Justice (DoJ) for alleged price-fixing
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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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The Securities and Exchange Commission is closing in on the last of a series of reforms to protect mutual fund investors. One involves the fee charged to investors to pay for marketing and distribution of fund shares, called a 12b-1 fee.
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December 23, 2004 -- Marsh &amp; McLennan Cos., the world&#39;s largest insurance broker, said the Securities and Exchange Commission is investigating the stakes that directors, officers, and shareholders have in the company&#39;s buyout funds.
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Embattled insurance broker Marsh &amp; McLennan Cos. (MMC.N: Quote, Profile, Research) has suspended four employees as part of a far-reaching investigation into industry practices, the
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Major banks being investigated by the Commerce Commission for not properly disclosing credit card fees, insisted yesterday they have been upfront with the public over the fees for the past few years.
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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
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NEW YORK - Marsh &amp; McLennan Cos. Inc. said yesterday that it was suspending its practice of using &quot;market services agreements&quot; with insurance carriers.
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NEW YORK: Marsh &amp; McLennan, the worldâs largest insurance broker, said on Tuesday it will reform its business practices and stop accepting fees at the centre of an investigation by New York attorney general Eliot Spitzer into bid rigging.
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US insurance broker Marsh & McLennan is set to avoid criminal charges after it announces a wide-ranging reform of the way it does business.
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SHARES in Marsh &amp; McLennan plunged a further 10 per cent yesterday, taking their total fall to 47 per cent since the insurance broker took centre-stage in an inquiry by the New York attorney-general into market manipulation.
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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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NEW YORK Marsh &amp; McLennan, the insurance brokerage company being sued by the New York State attorney general for taking payments from insurers, has said that it plans to put about $230 million of the fees into an account that may become part of a
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Marsh &amp; McLennan, the US broker at the centre of price-fixing allegations, neatly sidestepped the prospect of criminal charges yesterday with a wide-ranging reform of its business.