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Spitzer: $750 Million, Apology Will Settle Marsh Lawsuit

National News • January 15, 2005
New York Attorney General Eliot Spitzer is seeking a $750 million settlement from insurance broker Marsh & McLennan Companies Inc. to settle his bid-rigging and price-fixing charges, according to ...

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Subject: Can You Smell a Class Action Lawsuit?

Posted On: January 18, 2005, 10:33 am CST
Posted By: Anna Shyster Ortu
Comment:
Of course MMC wants to settle the thing for $600 mil and no apology or admittance of guilt. Forget about the criminal charges or losing the corporate license. MMC doesn't want to open a Pandora's box for their ex-team members to hit them with any civil action, and any acceptance of blame, guilt etc would only improve the plaintiff's case. Even those still at MMC with any money in the corporate stock program (Enron comparisons anyone?) would have a much better event horizon for recovery. Nice to know that Marsh could not have bought insurance for THIS exposure (D&O and E&O don't cover malfeasance or corporate knowledge of wrongdoing, do they? Certainly not a Fidelity loss, though their Employee Goodwill has tumbled on the balance sheet through a loss of fidelity.)
O for the days of our fathers and mothers when corporations actually gave a darn about the workforce. Paternalism in Memorio Pace Requiem. Or something. Get together and get them for what they're worth.
Subject Posted By Posted On
RE: RE: $750 Million and Apology Laid-off
Feb 25, 2007, 1:38 pm
RE: $750 Million and Apology Husband of wife who quit marsh
Jan 27, 2005, 9:15 pm
RE: RE: $750 Million and Apology Another Agent
Jan 27, 2005, 2:57 pm
RE: $750 Million and Apology another agent
Jan 27, 2005, 2:53 pm
RE: RE: Spitzer, the ***** Skallie
Jan 19, 2005, 3:03 am
RE: $750 Million and Apology Tired of the Spizkrieg
Jan 18, 2005, 4:17 pm
RE: Spitzer, the ***** Todd
Jan 18, 2005, 12:22 pm
Can You Smell a Class Action Lawsuit? Anna Shyster Ortu
Jan 18, 2005, 10:33 am
RE: $750 Million and Apology Dirk
Jan 18, 2005, 8:31 am
It's All Over Iceman
Jan 17, 2005, 8:25 pm
RE: $750 Million and Apology for committing crimes! another broker
Jan 17, 2005, 5:54 pm
$750 Million and Apology for committing crimes! David
Jan 17, 2005, 4:31 pm
RE: $750 Million and Apology Don
Jan 17, 2005, 4:27 pm
750mm + Apology Jack
Jan 17, 2005, 3:55 pm
RE: $750 Million and Apology Former Marsh Employee
Jan 17, 2005, 3:09 pm
RE: RE: RE: $750 Million and Apology Rich
Jan 17, 2005, 2:48 pm
RE: RE: $750 Million and Apology Answer Man
Jan 17, 2005, 2:37 pm
RE: $750 Million and Apology Karl
Jan 17, 2005, 2:33 pm
RE: The Extra $150mil Just Another Agent
Jan 17, 2005, 2:32 pm
$750 Million and Apology Jay Forlenza
Jan 17, 2005, 2:26 pm
RE: $750 Million and Apology Friend of the Fallen
Jan 17, 2005, 2:26 pm
The Extra $150mil Big Dog
Jan 17, 2005, 2:22 pm
RE: RE: RE: $750 Million and Apology Special Agent
Jan 17, 2005, 2:20 pm
RE: RE: $750 Million and Apology Rick Williams
Jan 17, 2005, 2:15 pm
RE: RE: $750 Million and Apology Retail Agency
Jan 17, 2005, 2:14 pm
RE: $750 Million and Apology Rich in Garden City
Jan 17, 2005, 2:08 pm
$750 Million and Apology Former Marshian
Jan 17, 2005, 2:06 pm
RE: $750 Million and Apology And another agent
Jan 17, 2005, 1:43 pm
RE: $750 Million and Apology Jim Howse
Jan 17, 2005, 1:36 pm
RE: $750 Million and Apology
Jan 17, 2005, 1:36 pm
$750 Million and Apology Just Another Agent
Jan 17, 2005, 12:09 pm
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