Marsh & McLennan Companies, Inc. still faces claims and lawsuits over alleged errors and omissions in connection with the performance of professional services.
Some of these claims seek damages, including punitive damages, in amounts that could, if awarded, be significant.
The Company…
Discovery in a matter involving Marsh & McLennan Companies, Inc.’s subsidiary, Mercer (US) Inc., is underway in Alaska.
In December 2007, the Alaska Retirement Management Board filed a civil lawsuit against Mercer for alleged professional negligence in actuarial services that…
Marsh & McLennan Companies, Inc. and subsidiary Marsh Inc.’s motion to dismiss claims in a shareholder derivative suit involving American International Group, Inc. is ongoing.
A shareholder derivative suit pending in the Delaware Court of Chancery against the directors and officers…
Several shareholder derivative actions are still pending against Marsh & McLennan Companies, Inc.’s current and former directors and officers.
Most of these actions have been consolidated into two proceedings, one in the Court of Chancery of the State of Delaware,…
The State of Connecticut’s lawsuit against Marsh & McLennan Companies, Inc.’s subsidiary, Guy Carpenter, is ongoing.
In October 2007, the State brought a civil action against Guy Carpenter in Connecticut state court, alleging that Guy Carpenter violated the state’s antitrust and…
Marsh & McLennan Companies, Inc. continues to be involved in litigation concerning its former subsidiary Putnam Investments Trust.
On Aug. 3, 2007, Great-West Lifeco Inc. completed its purchase of Putnam. Under the terms of the stock purchase agreement with GWL, the…