Judge OKs Class Action Against Marsh & McLennan

Law360, New York (December 18, 2006, 12:00 AM EST) -- A judge on Thursday gave the go-ahead to an ERISA class action brought against fiduciaries of Marsh & McLennan Cos. Inc.’s stock investment plan for allegedly failing to warn investors that the company's stock was inflated as a result the alleged bid-rigging and price-fixing that took place at the company.

The order, issued by Judge Shirley Wohl Kram of the U.S. District Court for the Southern District of New York, allows the plaintiffs to proceed with their suit against all defendants named in the complaint....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.