Milberg Weiss report $100 million settlement with Zurich North America

Plaintiffs in the class action pending in the United States District Court for the District of New Jersey before the Honorable Faith S. Hochberg announce that the October 2005 Memorandum of Understanding entered into between Zurich and a proposed nationwide class of
insurance purchasers is one step closer to becoming a final settlement.

In that litigation, the plaintiffs allege, among other things, a nationwide
conspiracy between insurers and brokers to manipulate the market for insurance
through the use and payment of undisclosed contingent commissions, bid
rigging, and other practices aimed at steering business and allocating
customers and markets.

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