In Antitrust Class Action, Insurers Lay Down Swords

Law360, New York (July 13, 2007, 12:00 AM EDT) -- A district court judge on Thursday resolved an ongoing dispute between two defendants in an antitrust class action against two of the nation's top insurers, removing an obstacle that could have blocked a $28 million settlement with plaintiffs.

The claims at the center of the dispute arose from an agreement between two defendants, insurance conglomerate Marsh & McLennan Co. and international insurance broker Arthur J. Gallagher & Co., in which both parties agreed to share the cost of expert consultants in the case.

According to Thursday's...
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