Marsh & McLennan Employee Retirement Funds. Parker & Waichman, LLP is reviewing claims of apparent conflicts of interest in the management of Marsh & McLennan Companies Inc. (NYSE:MMC) employee retirement funds. Marsh employees can learn more about these claims by visiting yourlawyer.com.
Parker & Waichman, LLP is evaluating claims as to whether Marsh and McLennan violated the Employee Retirement Income Security Act of 1974 (“ERISA”). It has been reported that Marsh appointed employment fund fiduciaries who were employed by the Company. As a result a large percentage of employee retirement funds are believed to have been invested in Marsh & McLennan’s own stock or financial products. In 2003, Marsh employee-benefit plan had $1.3 billion invested in Marsh & McLennan’s own stock.
bid-rigging and other improprieties occurred in Marsh’s insurance
Marsh & McLennan’ stock has dropped sharply in price since Eliot Spitzer, Attorney General of New York, filed a lawsuit against the company, contending that bid-rigging and other improprieties occurred in Marsh’s insurance brokerage unit. Regulatory concerns have prompted several Wall Street analysts and credit rating agencies to downgrade Marsh.
For more information on this investigation please visit /practice/overview.htm?topic=Marsh%20McLennan . For more information on Parker & Waichman LLP, please visit www.yourlawyer.com or call 1-800-YOURLAWYER. Current and former Marsh employees and shareholders are also encouraged to visit www.injurytalk.com.
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