Branham Law Group, LLP Announces Investigation of Aon Corporation for Possible Foreign Corrupt Practices Act Violations

Branham Law Group, LLP announces that it is investigating Aon Corporation and certain of its officers and directors for potential breaches of fiduciary duties in connection with bribery allegations as well as 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 tbranham@branhamlawgroup.com 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 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 1983 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).

Damaged Aon shareholders who have held shares since at least 2007 have the option filing a class action lawsuit to recover damages incurred as a result of these disclosures.

The Branham Law Group, LLP has extensive experience in securities and commercial litigation and handled claims of investor fraud, partnership oppression, shareholder derivative suits, and class actions of all types. The Branham Law Group also advises whistleblowers on appropriate courses of action.

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