Robert Stearns, the first
Stearns told Justice James Yates that he and other executives at the brokerage unit of MMC "participated in a scheme with individuals at various insurance companies," including
Spitzer's office sued MMC in October for conspiring to ensure the renewal of group policies at client companies carrying high fees by obtaining bids from competitors with less favorable coverage. Prosecutors have reportedly obtained copies of e-mails Stearns sent colleagues referring to this practice.
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