Spitzer Finishing Up Talks In Bid-Rigging Suit

Law360, New York (March 13, 2006, 12:00 AM EST) -- New York State Attorney General Eliot Spitzer is apparently close to wrapping up discussions with U.S. and foreign insurers and brokers who have come under scrutiny during a two-year fraud and bid-rigging investigation.

The purported settlement talks stem from the attorney general’s October 2004 civil suit against Marsh & McLennan Cos. in which incidents of bid-rigging and pervasive price fixing on behalf of large insurance brokerages were investigated.

Spitzer is expected to announce a number of settlements in the ensuing months involving many of the smaller...
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