Spitzer Hit With $90M Libel Suit

Two former execs at an insurance firm that paid out $850 million to settle allegations of shady dealing brought by Eliot Spitzer in his days as a crusading attorney general are now suing the former governor for libel. The former Marsh & McLennan execs, who claim Spitzer libeled them in a recent column for Slate entitled "They Still Don't Get It," are seeking $90 million in damages, Reuters reports.

Neither man is named in the column, which stated that Marsh's behavior was a "blatant abuse of law and market power." Spitzer then listed illegal acts that he wrote were "designed" to harm customers. Both men were indicted on dozens of charges following Spitzer's probe. They were found guilty on one count of restraint of trade and competition, but that conviction was later overturned.