Monday, July 23, 2007

Hartford settles market timing case for $115 mln

(Reuters) - The Connecticut insurer also allowed certain people to make rapid trades in and out of mutual funds, harming others, according to Connecticut Attorney General Richard Blumenthal, who announced the settlement on Monday.




Hartford said in a statement that it had already reserved $83 million of the $115 million it would pay. It did not admit or deny any violation of state or federal law.


Read more at Reuters.com Business News

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