Marsh Derivative Plaintiffs Battle Over Deloitte Claims

Law360, New York (January 7, 2008, 12:00 AM EST) -- Lead plaintiffs in derivative litigation filed on behalf of Marsh & McLennan Cos. Inc. against its directors, alleging that they steered clients to insurers for kickbacks, are digging in their heels against another plaintiff's bid to reopen federal claims against auditor Deloitte & Touche LLP.

In decrying shareholder M. F. Henry's motion to reopen her claims against the auditor on Friday, lead plaintiffs M. Gary, Harry and Jay Schorr have targeted what they say is Henry's "gambit to switch sides," in reference to securities claims against...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.