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Violation Tracker Individual Record

Company: Marsh and McLennan
Current Parent Company: Marsh & McLennan
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $400,000,000
Year: 2009
Date: November 13, 2009
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Marsh and McLennan agreed to pay $400 million to settle litigation brought by state pension funds in New Jersey and Ohio alleging that it made false and misleading statements related to contingent commissions from insurers.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.