THIRD CIRCUIT VACATES SEVERAL SHERMAN ACT AND RICO CLAIMS IN INSURANCE BROKERAGE MDL
We have reported several times on the ongoing developments in the Insurance Brokerage Antitrust Litigation MDL proceeding. In the most recent development, following a third District Court dismissal of the RICO and Sherman Act claims, the Third Circuit Court of Appeals issued a 200 page opinion affirming in part, vacating in part, and remanding for further proceedings. The Court of Appeals vacated the District Court’s dismissal of the Sherman Act claims with respect to defendants alleged to have engaged in bid rigging in the Marsh-centered commercial conspiracy, the dismissal of the RICO claims based on the same issue, and the dismissal of the alleged CIAB enterprise with respect to defendant brokers. The Court also vacated the dismissal of the state law claims. The District Court’s judgment was affirmed in all other respects. The Third Circuit remanded for further proceedings consistent with the opinion. In re: Insurance Brokerage Antitrust Litig., MDL No. 1663 (3d Cir. Aug. 16, 2010).
This post written by John Black.
