NEW YORK, NY--(Marketwire - January 14, 2011) - Cooley LLP announced that its client, Edward McNenney, a former executive at insurance broker Marsh & McLennan Cos., has been cleared of all charges as the New York Attorney General (NYAG) has dismissed the indictment against him.
In 2005, the NYAG indicted Mr. McNenney and several other Marsh executives alleging participation in a bid rigging conspiracy in the market for excess casualty insurance. In 2008, Mr. McNenney was acquitted on 21 out of 22 counts tried during a 10-month bench trial. The conviction on the single count, for violation of New York's antitrust statute known as the Donnelly Act, was thrown out in July 2010 by New York State Supreme Court Justice James Yates due to NYAG's failure to produce exculpatory evidence during the trial. This week, NYAG announced that it would not retry the Donnelly Act count and NYAG dismissed the indictment against Mr. McNenney.
"The New York Attorney General's dismissal of the indictment against Ed results in the complete and total vindication on all charges of wrongdoing against him," said Cooley litigation partner Scott Devereaux. "We are very pleased to have achieved this result, and we commend Ed for having the courage to fight these unfounded charges against him."
"Following six long years my family and I are able to put this behind us and move forward with our lives," said Mr. McNenney. "I am deeply appreciative of my Cooley legal team for their skill and dedication to this matter."
The Cooley litigation team representing Mr. McNenney included Cooley chairman and partner Stephen C. Neal and partners Scott Devereaux, Kathleen Goodhart and Matthew Brown.
About Cooley's Litigation Department
Cooley's litigation attorneys have extensive trial experience and a record of success in defending clients in actions brought by state and federal prosecutors. Cooley's litigation department includes former U.S. attorneys, assistant U.S. attorneys, U.S. Department of Justice lawyers and a commissioner of the Securities Exchange Commission. Cooley litigators have significant experience in patent and intellectual property litigation, regulatory and governmental enforcement matters, white collar criminal defense, consumer class actions, securities litigation, bankruptcy, tax controversy, employment and commercial disputes.