Violation Tracker Individual Record

Company: 
Mercer
Current Parent Company: 
Marsh & McLennan
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 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.