Antitrust Suit Alleges Massive Insurance Conspiracy

Law360, New York (April 7, 2006, 12:00 AM EDT) -- A diverse group of plaintiffs, including Cingular Wireless, Tyson Foods Inc., and Unicom Corp., has filed a lawsuit against the biggest players in the insurance industry, accusing the companies of illegally conspiring to set prices.

The suit, filed in the U.S. District Court for the Northern District of Georgia, names more than 20 insurance companies from across the country, including Marsh & McLennan Co., American International Group, St. Paul Travelers Group and Cigna.

All of the plaintiffs were at one time clients of Marsh, which allegedly...
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