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 […]
Entries Tagged as 'Price-Fixing'
Marsh Executive Pleads Guilty in Ongoing Insurance Probe
January 12th, 2005 · 1 Comment
Tags: Price-Fixing · Securities Fraud
N.Y. Attorney General Accuses Insurance Industry of Price-Fixing
October 15th, 2004 · No Comments
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 […]
Tags: Price-Fixing
Infineon Agrees to pay $160M Fine in DRAM Price-Fixing Conspiracy
September 17th, 2004 · No Comments
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. […]
Tags: Price-Fixing

