New Class Action Seeks Corporate Death Sentence
A Massachusetts attorney filed a prospective class-action suit in federal court last week, charging that Marsh & McLennan Companies Inc. raised the cost of insurance coverage for clients by rigging bids and taking kickbacks from four major insurers.
Robert J. Bonsignore, of Medford, Mass., said that in addition to asking for reimbursement of overcharges for consumers, the suit seeks punitive damages as well as an injunction to stop illegal activity. He added that he hopes the suit will force the ouster of all the companies' top management.
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