Marsh & McLennan Settles Analysts' OT Suit

Law360, New York (August 11, 2011, 1:16 PM EDT) -- Insurance brokerage and financial services firm Marsh & McLennan Cos. Inc. on Wednesday settled a collective action in Illinois alleging it failed to properly pay benefit consulting analysts overtime, in violation of the Fair Labor Standards Act.

The terms of the settlement were confidential, and counsel for the parties did not immediately return requests for comment Thursday.

“The parties respectfully submit that the terms of the settlement are fair, reasonable and resolve a bona fide dispute between the parties with respect to liability and damages,” the...
To view the full article, register now.