Marsh&#39;s Cherkasky, Mr. Monitor, Failed Up
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NEW YORK - Michael Cherkasky, the new CEO of Marsh &amp; McLennan, was, until recently, known for three things: He tried John Gotti; he &quot;investigated mobsters,&quot; he &quot;participated&quot; in the trial of the 1993 World Trade Center bombers, he was a prosecutor in the
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New York Attorney General Eliot Spitzer on Thursday sued Marsh &amp; McLennan Cos., the world&#39;s No. 1 insurance broker, for steering unsuspecting clients to certain insurers in exchange for
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New York Attorney General Eliot Spitzer has sued Marsh, alleging that the world&#39;s largest insurance broker steered unsuspecting clients to insurers with whom it had lucrative payoff agreements, and that the firm solicited rigged bids for insurance
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Marsh & McLennan Cos. MMC.N will  wrap up its probe into its business practices by early January  and set aside more than the $232 million allocated for legal  costs last month to settle bid-rigging claims, Chief Executive  Michael Cherkasky said.
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Marsh & McLennan Cos. shares were  whipsawed on Friday amid conflicting reports that a change in  the insurance broker's top management was imminent.
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Two top-ranking executives of the insurance brokerage unit at Marsh &amp; McLennan Company and the company&#39;s general counsel were forced out yesterday as Marsh took another step in reorganizing
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Business & money: Â· Former Rusneft chief says Kremlin bullied him outÂ· Warrant issued days after mysterious death of son
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Stock prices were pummeled by a toxic combination of still-rising oil prices and anxiety surrounding Eliot Spitzer&#39;s probe of the insurance industry.
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Attorney General Eliot Spitzer yesterday sued insurance brokerage Marsh &amp; McLennan, accusing the company of rigging bids and steering business to insurance companies that paid fees for special treatment.
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Marsh and McLennan Companies, Inc. the world&#39;s biggest insurance broker, announced a radical overhaul of its business practices after learning it would not face criminal charges for allegedly deceiving its customers.
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The insurance broker accused by the New York attorney general of bid rigging and price fixing faces another threat: lawsuits filed by angry customers and the company&#39;s own shareholders, who are upset the company&#39;s stock has plummeted.
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SAN FRANCISCO (CBS.MW) -- Marsh &amp; McLennan CEO Jeffrey Greenberg resigned Monday and was replaced with Michael Cherkasky as the insurance broker tries to work towards a settlement with New York officials.
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Eliot Spitzer&#39;s run at insurance broker Marsh &amp; McLennan (MMC ) looks increasingly as if it could be just the opening battle in a wide-ranging war against abuses in the insurance industry.
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The scandal at Marsh & McLennan Cos.  may have floored Wall Street, but some executives who had defected to a rival insurance broker said the legal storm was long overdue.
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MOSCOW -- Russian oil company Yukos suffered a fresh setback yesterday in its survival struggle against multibillion-dollar tax bills when one of its appeals was thrown out and another adjourned by a Moscow court.
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The disastrous decline in Marsh &amp; McLennan&#39;s stock that has followed Eliot Spitzer&#39;s lawsuit of last week has injured a broad array of institutional and individual investors.
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Is no one safe from Eliot Spitzer&#39;s accusing finger? After the investment banking, fund management and pharmaceuticals industries comes the insurance sector, which in a suit filed by the New York attorney