NU Online News Service, Feb.10, 12:38 p.m. EST

Marsh & McLennan Companies Inc. reported fourth-quarter net income dropped 53 percent, driven down by a $435 million settlement of a stockholders' class action.

In December, the New York-based professional services firm settled a class action securities and ERISA lawsuit brought in 2004 stemming from the New York attorney general's investigation of the firm.

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