Lawsuits Mounting Against Brokers

From the Associated Press via the San Francisco Chronicle: "Civil lawsuits mount against brokers accused of bid-rigging," by Stephen Singer--

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's own shareholders, who are upset the company's stock has plummeted.

Civil lawsuits against Marsh & McLennan Companies Inc., some of which seek class-action status, take numerous forms. At least seven federal lawsuits have been filed as of Wednesday, and a California attorney has filed a lawsuit in state court.

Potential litigants number in the tens of thousands, one lawyer said.