Posted by : Matthew Wild | On : December 10, 2009

On November 19, 2009, the New York Attorney General’s motion to dismiss the charges arising from alleged bid rigging of insurance policies against Thomas T. Green, Jr. and William L. Burnie (former Marsh executives) and Geri Mandel (a former Zurich executive) was granted by Justice James Yates.  New York Attorney General Andrew Cuomo sought dismissal in light of the acquittals of Joseph Peiser, Greg Doherty and Kathleen Drake, former Marsh executives, after an 11-month bench trial before Justice Yates, who was to preside at the upcoming trial.  These acquittals were reported in the October 26, 2009 Post.  As you may recall (and discussed in the February 22, 2008 Post), two Marsh executives were convicted of Donnelly Act violations after a 10-month bench trial.  These cases were brought by then New York Attorney General Elliot Spitzer.  Marsh paid $850 million to settle and another Marsh executive pleaded guilty.



Posted by : Matthew Wild | On : February 22, 2008

February 22, 2008.  Two former Marsh executives (William Gilman and Edward McNenney) were convicted after a 10-month bench trial of bid rigging in violation of New York’s Donnolly Act.  They were acquitted of grand larceny and engaging in schemes to defraud.  These charges stem from Marsh’s scheme of steering business to insurers who paid Marsh the highest contingent commissions.  The case was brought by the New York State Attorney General in New York State Supreme Court, New York County.  In addition to agreeing to refrain from such conduct in the future, Marsh had paid $850 million to settle with the New York Attorney General.  Another executive pleaded guilty to engaging in a scheme to defraud in 2005.