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News & Analysis

Branham Law Group Investigating Aon Corporation on Behalf of Stockholders

March 22, 2012, Thursday, 23:49 GMT | 19:49 EST | 04:19 IST | 06:49 SGT
Contributed by PR Newswire

DALLAS, March 22, 2012  /PRNewswire/ -- Branham Law Group, LLP announces that it is investigating Aon Corporation and certain of its officers and directors and officers for potential breaches of fiduciary duties in connection with bribery allegations and potential violations of the Foreign Corrupt Practices Act ("FCPA").

Investors who have held Aon stock since at least 2007 (NYSE: AON) or anyone with information about this investigation should contact the Branham Law Group, LLP at or call (855) 722-5910.

In January 2009, Aon Limited, Aon's principal U.K. brokerage subsidiary, entered into a settlement agreement with the Financial Services Authority ("FSA") to pay a 5.25 million pounds Sterling fine arising from its failure to exercise reasonable care to establish and maintain effective systems and controls to counter the risks of bribery arising from the use of overseas firms and individuals who helped it win business.

According to the SEC, Aon's subsidiaries made over $3.6 million in improper payments between 1982 and 2007 to secure or retain insurance business in Costa Rica, Egypt, Vietnam, Indonesia, the United Arab Emirates, Myanmar and Bangladesh. From these payments, Aon profited to the tune of $11.4 million.   The U.S. Securities and Exchange Commission ("SEC") announced that Aon, without admitting or denying the allegations, agreed to pay a total of approximately $14.5 million in disgorgement and prejudgment interest to the SEC. Aon will also pay a $1.764 million criminal fine to the U.S. Department of Justice (DOJ) .

Contact Trey Branham, Branham Law Group, LLP, 1-855-722-5910, 3900 Elm Street, Dallas, Texas 75226 for additional information.

SOURCE Branham Law Group, LLP