Insurance Cos. Settle For $69M In Bid-Rigging MDL

By Julie Zeveloff ( July 7, 2008, 12:00 AM EDT) -- Insurance broker Marsh & McLennan Companies Inc. has filed a proposed settlement totaling $69 million as part of a massive two-pronged multidistrict litigation suit against some of the nation's largest insurance brokers and companies over alleged misconduct in commercial cases and employee benefit plans....

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