Violation Tracker Individual Record
Company:
Marsh & McLennan Companies, Inc.
Current Parent Company:
Marsh & McLennan
Penalty:
$850,000,000
Year:
2005
Date:
January 31, 2005
Offense Group:
competition-related offenses
Primary Offense:
price-fixing or anti-competitive practices
Violation Description:
Insurance brokerage firm Marsh & McLennan agreed to pay $850 million to settle multistate allegations that it engaged in bid rigging, price fixing and the use of hidden incentive fees.
Level of Government:
state
Action Type:
agency action
Agency:
Multistate Attorneys General Case
Civil or Criminal Case:
civil
Facility State:
New York
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.
