News
MMC Announces Settlement of Securities and ERISA Class Actions
November 13, 2009 at 10:01 AM EST
Media Contact
Email:media@mmc.com
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. Without admitting wrongdoing of any
kind, MMC has agreed to pay
Separately, the company also announced that the ERISA class action
lawsuit filed in 2004 in the
In a statement, the company said:
“After more than five years of litigation, MMC believes these settlements to be in the best interest of the company and its stockholders. While the company continues to deny all of the claims in these lawsuits, the resolution of these matters puts the litigation arising from the events of 2004 largely behind us and reduces the company’s ongoing legal costs. MMC is focused on the future and further strengthening its world-class businesses.”
MMC is a global professional services firm providing advice and
solutions in the areas of risk, strategy and human capital. It is the
parent company of a number of the world’s leading risk experts and
specialty consultants, including Marsh, the insurance broker and risk
advisor;
Source:
Media:
MMC
Christine Walton, 212-345-0675
christine.walton@mmc.com
or
Investor:
MMC
Mike
Bischoff, 212-345-5470
jmichael.bischoff@mmc.com