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Insurance broker Willis in $120 mln settlement on Stanford Ponzi scheme

Sept 8- The insurance brokerage Willis Towers Watson Plc has agreed to pay $120 million to settle litigation accusing it of helping now-imprisoned Texas financier Allen Stanford run a $7.2 billion Ponzi scheme, court papers show. The papers, in which Willis denied wrongdoing, were filed on Wednesday with the federal court in Dallas. In a lawsuit, investors and a...

Source: Reuters