A senior executive of Marsh & McLennan Companies pleaded guilty to criminal charges in connection with an ongoing investigation of fraud and bid rigging in the insurance industry, New York Attorney General Eliot Spitizer said last week.
In his guilty plea, Robert Stearns, a senior vice president at the Marsh, admitted that he instructed insurance companies […]

Attorney General Eliot Spitzer on Thursday filed a lawsuit against the world’s largest insurance broker, Marsh & McLennan Cos., alleging that it steered unsuspecting clients to insurers with whom it had lucrative payoff agreements, and that Marsh solicited rigged bids for insurance contracts.
“The insurance industry needs to take a long, hard look at itself,” Spitzer […]

WASHINGTON, D.C. - Infineon Technologies AG, a German manufacturer of dynamic random access memory (DRAM), has agreed to plead guilty and to pay a $160 million fine for participating in an international conspiracy to fix prices in the DRAM market, the Department of Justice said.
According to the one-count felony charge filed today in the U.S. […]