Violation Tracker Individual Record

Company: 
Marsh and McLennan
Current Parent Company: 
Marsh & McLennan
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 Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
insurance
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.