NU Online News Service, Nov. 13, 3:50 p.m.EST
Marsh & McLennan Companies Inc. today announced it hasreached a settlement in the securities class action lawsuit filedin 2004 in the U.S. District Court for the Southern District of NewYork.
The securities class action settlement, which is subject tofinal court approval, resolves all of the claims in the litigationagainst MMC, Marsh and the named individuals. The suit claimeddamages against investors and pension funds in Ohio and New Jerseyafter insurance bid-rigging allegations against Marsh.
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