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Violation Tracker Individual Record

Company: Mercer
Current Parent Company: Marsh & McLennan
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $500,000,000
Year: 2010
Date: June 11, 2010
Offense Group: financial offenses
Primary Offense: accounting fraud or deficiencies
Violation Description: Mercer agreed to pay $500,000,000 to settle allegations of professional malpractice, breach of contract and unfair trade practices in advising the state on management of the Alaska Public Employees' Retirement System (PERS) and the State of Alaska Teachers' Retirement System (TRS).
Level of Government: state
Action Type: agency action
Agency: Alaska Attorney General
Civil or Criminal Case: civil
Facility State: Alaska
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.