A federal judge in Newark has approved a $69 million settlement in a class action accusing leading insurance brokers of conspiring with carriers to manipulate the market.
In a separate decision in the same case, In re Insurance Brokerage Antitrust Litigation , 04-Civ.-5184, MDL No. 1663, U.S. District Judge Garrett Brown Jr. also awarded $19 million in legal fees, costs and incentive payments.
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