Marsh, Lloyds Names Continue Legal Battle
London Editor
Lawyers for Marsh & McLennan Companies Inc. and a group of Lloyds members will meet in a New York court next month to determine whether a case filed against Marshfor alleged failure to disclose relevant information about asbestos liabilitieswill proceed or be dismissed.
Marsh in July filed a motion to dismiss the lawsuit brought by Lloyds members, who charge that the broker fraudulently withheld relevant facts about general liability policies it placed for Johns Manville and other asbestos manufacturers in the Lloyds market, beginning in the late 1970s. (See NU, June 4, 2001 and Dec. 6, 1999).
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