Two former Marsh executives were found guilty of a felony monopoly charge for bid-rigging but were cleared of 15 other charges late last month, including grand larceny and fraud.
New York State Supreme Court Judge James A. Yates handed down his verdict on Feb. 22 in the nonjury trial against William Gilman, a former executive marketing director and managing director at Marsh, and Edward McNenney, the brokerage's former director of global placement in excess casualty.
The two were convicted of deceiving clients by arranging it so that insurance contracts went to preferred carriers in return for lucrative kickbacks in the form of contingent commissions.
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