Legal Woes Swamp Marsh&#39;s Quarter
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The aftershocks of October&#39;s insurance scandal continued to punish Marsh &amp; McLennan (MMC:NYSE - news - research) Tuesday. Just weeks after it was hit with kickback and bid-rigging allegations, the New York
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A legal battle brews over whether fishermen are trespassing when they fish in the flooded bottomlands.
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Conrad Black&#39;s legal woes piled up yesterday when the United States&#39; financial watchdog filed a civil lawsuit against him, alleging that the former Daily Telegraph tycoon used the company, Hollinger International, as a &quot;personal piggybank&quot;.
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cLennan Cos&quot;/&gt;Marsh &amp; McLennan, which the New York attorney general&#39;s office has accused of bid-rigging and price-fixing, said last night that it was setting up a fund to be used for restitution in any settlement agreement.
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NEW YORK -- An insurance broker at a subsidiary of insurance brokerage giant Marsh &amp; McLennan Cos. pleaded guilty yesterday to criminal charges related to fraud and bid-rigging and is expected to cooperate in the broad investigation of industry practices.
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Even as the options-backdating scandal continues to grow, law firms that represent shareholders are struggling to find a foothold.
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Connecticut Attorney General Richard Blumenthal yesterday sued insurance brokerage giant Marsh &amp; McLennan Inc. and a unit of the Bermuda-based ACE Ltd. insurance company for alleged illegal commissions in connection with an $80 million state contract.
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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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NEW YORK : New York Attorney General Eliot Spitzer sued Thursday a major US insurance brokerage firm, Marsh and McLennan Co, for steering clients to insurers with whom it had lucrative payoff agreements.
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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
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NEW YORK - The general counsel for broker Marsh &amp; McLennan Cos. will step down next week as the embattled firm seeks to clean house and reform its business practices, the Wall Street Journal reported on Friday.
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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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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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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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As marsh grass dies off in the New York region, scientists are grappling to find answers.
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NEW YORK - A day after sacking its chief executive, Marsh &amp; McLennan (MMC) announced Tuesday it will stop accepting fees at the heart of a lawsuit by New York&#39;s attorney general accusing the world&#39;s largest insurance broker of rigging prices.