Marsh Talks to Spitzer About Settling
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Independent directors of Marsh & McLennan Cos. approached New York state Attorney General Eliot L. Spitzer this week about settling the corruption charges Spitzer has brought against the giant insurance broker and financial services firm, according to sources close to the investigation.
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NEW YORK - The fallout from New York State Attorney General Eliot Spitzer&#39;s probe into the insurance industry continued. Jeffrey Greenberg, the head of Marsh &amp; McLennan, was replaced as chairman and chief
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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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NEW YORK - 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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The US Securities and Exchange Commission has asked Marsh &amp; McLennan Cos. Inc. (MMC) for information about partnerships that individuals affiliated with the company have invested in, the insurance broker said in a statement.
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Standard &amp; Poor&#39;s Equity Research reiterated a &quot;hold&quot; rating on Marsh &amp; McLennan (nyse: MMC - news - people ), saying the Securities and Exchange Commission has requested information regarding transactions with parties in which company insiders or major
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October 29, 2004 - With stock prices falling and a new chief executive at the helm, Marsh &amp; McLennan Cos. may quickly settle a civil suit filed by New York Attorney General Eliot Spitzer, but it may cost $500 million or more.
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By Jeremy Harrell  Suffolk County Executive Steve Levy has proposed a mediation hearing next Wednesday in an effort to resolve a bitter real-estate fight that could cost Long Island the headquarters of CanonUSA.
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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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The nation's largest insurance brokerage will pay $850 million in restitution to end New York Attorney General Eliot Spitzer's investigation into bid rigging and price fixing in a settlement the company hopes will end other states' probes and private lawsuits.
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Embattled insurance broker&#39;s banks agree to waive clause that may have prevented access to credit. NEW YORK  - Marsh &amp; McLennan Cos.
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Marsh & McLennan Cos. MMC.N, the  world's largest insurance broker, said on Tuesday it would  reform its business practices and stop accepting fees at the  center of an investigation by New York Attorney General Eliot  Spitzer into bid rigging.
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Marsh & McLennan Cos., the insurance  broker sued by New York Attorney General Eliot Spitzer last  week for its business practices, said on Monday its suspension  of market service agreement fees would hurt near-term operating  income.
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The $850 million settlement Marsh &amp; McLennan Cos. reached with New York Attorney General Eliot Spitzer yesterday will have a small but positive effect on its mutual-fund subsidiary, Putnam Investments, but is unlikely to resolve whether the Boston firm should split from its corporate parent, analysts said yesterday.
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Prudential Financial Inc.  may  be close to a settlement with authorities that would resolve  market timing investigations as early as Monday, Bloomberg News  reported on Friday.
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New York Attorney General Eliot Spitzer on Thursday sued Marsh &amp; McLennan Cos., the world&#39;s No. 1 insurance broker, for steering unsuspecting clients to certain insurers in exchange for
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The new boss of scandal-hit US insurance broker Marsh & McLennan says he expects to settle charges brought by New York's attorney-general.