August 24, 2017
A New Jersey federal judge on Wednesday refused to toss a proposed class action accusing several Lloyd's of London syndicates of conspiring with insurance brokers to conceal exorbitant commissions and the anticompetitive nature of their market, part of long-running multidistrict litigation over insurance bid-rigging.
August 01, 2013
A New Jersey federal judge approved a $10.5 million settlement Thursday between two dozen insurance companies and thousands of policyholders who accused them in multidistrict litigation of conspiring with brokerages to inflate commercial insurance prices.
May 30, 2013
Wells Fargo & Co. on Wednesday was released from claims that it engaged in bid-rigging in the commercial insurance market after agreeing to a dismissal with several plaintiffs in multidistrict antitrust litigation in New Jersey federal court.
April 12, 2013
Tyson Foods Inc. on Friday dropped claims that Marsh & McLennan Cos. Inc. engaged in a long-running insurance bid-rigging scheme that raised insurance prices and lessened competition within the industry, slimming a New Jersey multidistrict litigation against several insurers and brokers.
June 13, 2011
A New Jersey federal judge on Monday dismissed a Lloyd's of London syndicate from a long-running insurance bid-rigging multidistrict litigation led by a host of companies including New Cingular Wireless PCS LLC and Tyson Foods Inc.
May 13, 2011
AT&T Wireless Services Inc. and New Cingular Wireless Headquarters LLC buried the hatchet Thursday with Marsh & McClennan Cos. Inc. in a long-running multidistrict litigation in New Jersey accusing scores of companies of engaging in bid-rigging to inflate policyholders' premiums.
April 01, 2010
An appeals court has rejected Marsh & McLennan Cos. Inc.’s challenge to a decision allowing two companies to pursue state lawsuits over bid-rigging allegations against the insurance brokerage, despite Marsh having already reached a $69 million settlement with various parties over the claims.
September 08, 2009
An appeals court has affirmed the approval of two settlements worth a combined $180 million in multidistrict litigation that accused insurance brokers and companies of bid-rigging.
August 25, 2009
Marsh & McLennan Cos. has appealed to the Third Circuit a decision by the federal judge overseeing a $69 million settlement in litigation involving bid-rigging allegations against the nation's largest insurance brokers, challenging the judge's refusal in July to prevent plaintiffs in two state lawsuits from pursuing claims against the company.
July 28, 2009
The federal judge in charge of enforcing a $69 million settlement by insurance broker Marsh & McLennan Cos. Inc. in a two-pronged multidistrict litigation suit against some of the nation’s largest insurance brokers over alleged bid-rigging to inflate premiums has refused to prevent plaintiffs in two state lawsuits from pursuing claims against Marsh.