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$435 Million Settlement Reached in Marsh and McLennan Securities Class Action

This is a settlement for the Securities/Stock Fraud lawsuit.

New York, NY: Marsh and McLennan (M&M), has agreed to a settle a shareholder class action for $435 million. The settlement is tentative, as it remains subject to court approval.

One of the world's largest insurance brokerages, M&M was accused in the lawsuit of bid rigging and price fixing of its insurance contracts.

The settlement will see $400 million go to ending the securities litigation and $35 million to settle another suit related to alleged violations of the Employee Retirement Income Security Act (ERISA).

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Published on Nov-13-09


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