From The Jury

Marsh & McLennan Settles Bid-Rigging Securities Class For $400 Million

NEW YORK - Insurance brokerage giant Marsh & McLennan Cos. Inc. (MMC) announced Nov. 13 that it had reached an agreement for $400 million to settle a consolidated class action filed in 2004 over alleged securities law violations made in connection with an alleged illegal bid-rigging scheme (In re Marsh & McLennan Cos. Inc. Securities Litigation, No. 04-8144, MDL No. 1744, S.D. N.Y.; See December 2007, Page 4). Full story on lexis.com

Filed by admin at November 30th, 2009 under News