November 2004/2

Eliot Spitzer gave further indication last week that he is looking for Marsh to disgorge a significant proportion of its Placement Service Agreement revenues as settlement for the civil action filed against the broker on 14 October.

The failure of lawyers Mel Weiss and Bill Lerach to see eye-to-eye led to the dissolution of their legendary shareholder class action law firm Milberg Weiss Bershad Hynes & Lerach LLP into two new partnerships – safely based on either side of the United S

Companies rarely volunteer to forego a lucrative proportion of their revenue streams but that is exactly what the industry’s international brokers have been doing in the wake of Spitzer’s allegations of price-fixing at Marsh.