The editorial notes that two of the cases against employees of the company were dismissed after the defendants had been convicted. Unfortunately for the credibility of the Journal, the editorial fails to note the many employees of Marsh who have been convicted and sentenced to jail terms, or that Marsh's behavior was a blatant abuse of law and market power: price-fixing, bid-rigging, and kickbacks all designed to harm their customers and the market while Marsh and its employees pocketed the increased fees and kickbacks. So it is with the Wall Street Journal's obsession with attacking and misrepresenting the multiple cases that I brought against both AIG and its former chairman and CEO, Hank Greenberg.
– Two former execs at an insurance firm that paid out $850 million to settle allegations of shady dealing brought by Eliot Spitzer in his days as a crusading attorney general are now suing the former governor for libel. The former Marsh & McLennan execs, who claim Spitzer libeled them in a recent column for Slate entitled "They Still Don't Get It," are seeking $90 million in damages, Reuters reports. Neither man is named in the column, which stated that Marsh's behavior was a "blatant abuse of law and market power." Spitzer then listed illegal acts that he wrote were "designed" to harm customers. Both men were indicted on dozens of charges following Spitzer's probe. They were found guilty on one count of restraint of trade and competition, but that conviction was later overturned.