TITLE

Spitzer probe hands Clydes work

AUTHOR(S)
Power, Helen
PUB. DATE
December 2004
SOURCE
Lawyer;12/13/2004, Vol. 18 Issue 48, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Clyde & Co has picked up 10 mandates in London relating to the investigation launched by U.S. Attorney general Eliot Spitzer into broker Marsh & McLennan Cos. Inc. These include an instruction from Munich Re to look at the terms and conditions of its broking relationships. Spitzer's investigation into M&M, launched two months ago, has had major repercussions for the City insurance market. Spitzer accused M&M of price-fixing and giving kickbacks to insurers that gave it a good deal. M&M quickly called in Freshfields Bruckhaus Deringer in the UK to conduct an independent inquiry.
ACCESSION #
15475683

 

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