Alaska AG Hits Marsh Mac Unit With $1.8B Suit

Law360, New York (December 7, 2007, 12:00 AM EST) -- The state of Alaska has filed suit against Marsh & McLennan Cos. subsidiary Mercer (US) Inc., claiming the actuarial firm's miscalculation of liabilities for two public pension funds for state employees in the face of growing health care costs resulted in $1.8 billion in losses for the funds.

In a complaint filed Thursday in the Alaska Superior Court, Alaska Attorney General Talis J. Colberg accused Mercer, a subsidiary of Marsh & McLennan Cos., of actuarial malpractice, breach of contract and breach of professional duty.

“Despite Mercer’s...
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