We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Class Action Against Marsh & McLennan To Proceed

Law360 (July 24, 2006, 12:00 AM EDT) -- A class action securities lawsuit alleging bid-rigging and price-fixing by insurance company Marsh & McLennan will head to court, after a judge ruled that the plaintiffs’ allegations warrant a jury trial.

While Judge Shirley Wohl Kram did not opine on the validity of the allegations, she ruled that they had been sufficiently argued, and ordered a jury trial.

“A rational jury could conclude that a reasonable investor would find it significant that (Marsh & McLennan) was generating substantial earnings from its improper business practices and jeopardizing...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.