Schubert Firm Co-Counsel in $205 Million Marsh & McLennan Settlement

The Schubert Firm as co-derivative counsel helped obtain a $205 million settlement in a shareholder derivative action brought on behalf of Marsh & McLennan Companies (MMC).  The complaint alleged that MMC, the world’s largest insurance broker, failed to adequately disclose to its clients that it was paid contingent commissions to steer insurance business to favored insurance companies.  When these practices were revealed, MMC agreed to pay huge fines, to the detriment of its shareholders.

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