Panel: Parties’ Failure To Opt Out Of Marsh Settlement Was Excusable
PHILADELPHIA - The failure by three companies to opt out of the $69 million settlement between class action members and Marsh & McLennan Cos. Inc. over allegations that insurance brokers were rigging bids in exchange for contingent commissions was "excusable neglect," the Third Circuit U.S. Court of Appeals ruled March 9 (In re: Insurance Brokerage Antitrust Litigation, No. 1663, Marsh & McLennan Cos., et al. v. Office Depot Inc., et al., No. 09-3521, 3rd Cir.; 2010 U.S. App. LEXIS 4936). Full story on lexis.comFiled by admin at March 31st, 2010 under News