N.Y. seeks to drop charges against last Marsh defendants
November 13, 2009 – 4:32 pmThe action comes just weeks after New York County Supreme Court Judge James A. Yates acquitted three other ex-Marsh executives of all charges in the case.
Last month, those individuals–Joseph Peiser, former managing director and head of Marsh’s global broking excess casualty unit; Greg J. Doherty, former Marsh senior vp and ACE USA local broking coordinator team leader; and Kathleen M. Drake, former Marsh managing director and local broking coordinator team leader–were found not guilty of scheme to defraud and restraint of trade charges by Judge Yates.
In February 2008, two other former Marsh executives, William Gilman and Edward J. McNenney, were found guilty of an antitrust charge but acquitted of all other charges.
Marsh itself has not faced any criminal sanctions over the scandal and in January 2005 paid $850 million to end officials bid-rigging and fraud probes.
Similar Posts:
- Solvency II rules could result in less long-tail capacity: Fitch
- Insurance Fraud: It’s All About The Money
- Tips for Teamwork in the Workplace
- Board Members & Directors Liability Insurance
- AIG puts Chartis spinoff on hold: Report
