NU Online News Service, Nov. 13, 3:50 p.m. EST
Marsh & McLennan Companies Inc. today announced it has reached a settlement in the securities class action lawsuit filed in 2004 in the U.S. District Court for the Southern District of New York.
The securities class action settlement, which is subject to final court approval, resolves all of the claims in the litigation against MMC, Marsh and the named individuals. The suit claimed damages against investors and pension funds in Ohio and New Jersey after insurance bid-rigging allegations against Marsh.
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