(Reuters) – A federal judge rejected claims by two former Marsh & McLennan Cos executives that the big insurance broker colluded with Eliot Spitzer when he was New York attorney general to make them scapegoats in a bid-rigging probe, and avert criminal charges against their longtime employer.
The "conclusory" allegations by former executives William Gilman and Edward McNenney, who were prosecuted by Spitzer but later had their convictions thrown out, failed to support their claim of malicious prosecution, U.S. District Judge J. Paul Oetken in Manhattan wrote on Friday.
Spitzer in October 2004 accused Marsh of rigging bids for insurance contracts, and steering clients to favored insurers in exchange for kickbacks. Marsh agreed three months later to pay $850 million in a civil settlement with Spitzer.
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