NU Online News Service
A federal judge in Newark, N.J., has dismissed a policyholder class-action suit accusing brokers, insurers and reinsurers of antitrust and racketeering activity, but he has given the plaintiffs 30 days to come back with a revised version of their allegations.
The plaintiff class, which includes dozens of large commercial customers, municipalities and individuals that did business with the brokers and insurers between 1994 and 2005, has accused the defendants of conspiring to rig bids and fix prices in the employee benefits market and other insurance markets.
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