Spitzer Complaint Against Marsh

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N.Y. Attorney General Spitzer Sues Marsh Over Contingent ...

    https://www.insurancejournal.com/magazines/mag-features/2004/10/25/48447.htm
    Marsh did this even as it claimed in public statements that its “guiding principle” was to always consider its client’s best interests, Spitzer charged. Spitzer’s complaint against the ...

Marsh, Spitzer Settle With $850 Million, An Apology to ...

    https://www.wsj.com/articles/SB110717885930741033
    Marsh & McLennan Cos. reached an $850 million settlement of civil fraud charges with New York state's attorney general, Eliot Spitzer, and the state insurance department in a pact that includes an ...

Insurance Broker Settles Spitzer Suit for $850 Million ...

    https://www.nytimes.com/2005/02/01/business/insurance-broker-settles-spitzer-suit-for-850-million.html
    Feb 01, 2005 · Marsh's shares, which fell sharply after the Spitzer lawsuit, rose $1.41 yesterday to close at $32.50. But that was still well below their price of $46.13 before Mr. Spitzer's lawsuit.Author: Joseph B. Treaster

Former Executives Claim Marsh 'Colluded' With Spitzer ...

    https://dealbook.nytimes.com/2011/06/27/former-executives-claim-marsh-colluded-with-spitzer/
    Jun 27, 2011 · Two former executives of Marsh & McLennan, who are suing the insurance broker contend in an amended complaint that their former employer colluded with Eliot Spitzer when he was New York attorney general to avert a criminal prosecution of the firm.. In October 2004, Mr. Spitzer’s office accused Marsh & McLennan of rigging bids for insurance contracts and steering business in …

Spitzer Charges Marsh & McLennan in Insurance Racket ...

    https://www.thestreet.com/markets/spitzer-charges-marsh-mclennan-in-insurance-racket-10187969
    Oct 15, 2004 · The charges against Marsh stem from a nine-month investigation that threatens to be as damaging to the insurance industry as Spitzer's earlier crusades against …

The insurance scandal - Just how rotten? Special report ...

    https://www.economist.com/special-report/2004/10/21/just-how-rotten
    Mr Spitzer's civil complaint against Marsh, filed in New York state's Supreme Court, alleges much misbehaviour, including fake bids, collusion, improper steering of business, payments by insurers ...

Executives' claims of Marsh-Spitzer collusion rejected ...

    https://www.reuters.com/article/us-marsh-spitzer-collusion-lawsuit-idUSBRE85E1CG20120615
    Jun 15, 2012 · The complaint contended that Marsh, whose chief executive Michael Cherkasky had once been Spitzer’s boss in the Manhattan district attorney’s office, “offered up” Gilman and McNenney for ...

CNN.com - Spitzer's controversial insurance lawsuit - Nov ...

    http://www.cnn.com/2004/LAW/11/01/sebok.spitzer/
    Nov 01, 2004 · Spitzer's complaint against the insurance broker Marsh & McLennan alleged statutory claims for fraud, securities fraud, and antitrust violations, …

BRIEFING: THE SPITZER INVESTIGATION

    https://www.steptoe.com/images/content/6/3/v1/6359/Briefing+Note_The+Spitzer+Investigation.pdf
    carriers as “co-conspirators”. Marsh and the four insurers have parted company with more than a dozen officials, and at least five of these have pleaded guilty to criminal charges and are cooperating with Mr Spitzer. Subsequent to the Spitzer Complaint against Marsh, plaintiffs’ lawyers added Ace, AIG,

Contingent Commissions, Steering, and Bid-Rigging: The New ...

    https://web.law.columbia.edu/sites/default/files/microsites/career-services/Contingent%20Commissions%20Steering%20and%20Bid-Rigging.pdf
    On October 14, 2004, Eliot Spitzer filed a complaint against Marsh & McLennan Companies, Inc. and Marsh Inc., alleging that the insurance broker had engaged in steering and bid-rigging.4 The Attorney General’s investigation, which had started as an inquiry into contingent commissions, had revealed a system in which Marsh directed

Marsh slammed by Spitzer probe - MarketWatch

    https://www.marketwatch.com/story/marsh-stock-slumps-37-percent-on-spitzer-probe
    Oct 15, 2004 · Spitzer's complaint against Marsh, filed Thursday in state Supreme Court in Manhattan, alleges that Marsh received payments from insurance companies including Ace to …

List of cases of Attorney General Eliot Spitzer - Wikipedia

    https://en.wikipedia.org/wiki/List_of_cases_of_Attorney_General_Eliot_Spitzer
    While many large brokerages such as Marsh & McLennan Companies (against whom Spitzer filed his original suit), Aon and Willis announced plans to stop the practice of contingent commissions, many argued that the practice was not to blame for the rigged bids uncovered by Spitzer. Indeed, the practice accounted for about only five to seven percent ...

Eliot Spitzer & Slate.com Sued for $75 Million

    https://www.courthousenews.com/eliot-spitzer-slate-com-sued-for-75-million/
    Aug 23, 2011 · All references to the “complaint” in this article refer to Gilman’s federal complaint. Gilman, who worked for Marsh & McClennan from 1976 to 2004, claims Spitzer defamed him in comments defending his 2004 investigation of Marsh & McClennan when Spitzer was New York’s attorney general.

Former Marsh Exec Gilman Files $60 Million Libel Suit ...

    https://www.propertycasualty360.com/2011/08/22/former-marsh-exec-gilman-files-60-million-libel-su/
    Aug 22, 2011 · Former Marsh Exec Gilman Files $60 Million Libel Suit Against Spitzer Former Marsh executive William Gilman has filed a $60 million complaint …

Trial by press release - Townhall

    https://townhall.com/columnists/alanreynolds/2005/03/03/trial-by-press-release-n1259738
    New York Attorney General Eliot Spitzer launched a complaint against the insurance brokerage arm of Marsh & McClellan last November with his usual flamboyant press release accusations of ...

October 15, 2004 Contingent Commissions: Corruption in the ...

    https://www.advisen.com/downloads/proprietary_content/200410142350_0/Marsh_Suit_QN10_14_04_FINAL.pdf
    On October 14, 2004, New York Attorney General Eliot Spitzer announced that he had filed a suit against Marsh Inc., a unit of Marsh & McLennan Companies. The complaint, filed in New York State Supreme Court, alleges that Marsh steered unsuspecting commercial clients to insurers with which it had lucrative

Marsh & McLennan accused of price fixing, collusion

    http://www.badfaithinsurance.org/reference/General/0047a.htm
    Marsh stressed to insurance companies that it would more aggressively sell the policies of those companies who paid the biggest contingent commissions, the complaint states. Marsh employees who "moved" clients to insurers who paid big commissions were …

Impact of Spitzer Broker Fraud Charges Felt at Marsh and ...

    https://www.insurancejournal.com/news/national/2004/10/18/46963.htm
    Oct 18, 2004 · New York Attorney General Eliot Spitzer’s filing last Thursday of charges against giant insurance broker Marsh for alleged commercial account steering and …

Excerpts From Spitzer's Complaint Against Broker Marsh ...

    https://www.wsj.com/articles/SB109787259491646856
    The following are some annotated excerpts from allegations in the complaint filed by New York Attorney General Eliot Spitzer's office against insurance broker Marsh & McLennan.

Securities Class Action Clearinghouse: Case Page

    http://securities.stanford.edu/filings-case.html?id=103297
    In January 2005, Marsh agreed to establish a fund of $850 million as part of a settlement with Spitzer and the New York State Insurance Department. On October 13, 2006, a Second Amended Complaint was filed by the plaintiffs. A Third Amended Complaint was filed, and on May 14, 2007 defendants responded with a motion to dismiss the complaint.



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