A federal judge ruled last week in a shareholder's suit against Marsh & McLennan and executives of the company that while the company's exposure is limited, there is enough there to continue the case against the firm and two former top executives.
U.S. District Court Judge Shirley Wohl Kram, in Manhattan, ruled Wednesday that a number of allegations against New York-based professional services firm MMC, its subsidiary, insurance broker Marsh, and company executives should be dropped, but she denied a motion for summary dismissal.
However, Judge Kram ruled that there remained enough evidence in part to allow portions of the suit to proceed against MMC, Marsh, Jeffrey Greenberg, the former chief executive officer and chairman of MMC, and Roger E. Egan, former president and chief operating officer of Marsh.
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