Keller Rohrback L.L.P. Announces Class Action Lawsuit Against Marsh & McLennan, Inc.

17 June 2005

Keller Rohrback L.L.P. announces that, on June 15, 2005, pursuant to Court Order, a Consolidated Complaint is scheduled to be filed in the United States District Court for the Southern District of New York, in the In re Marsh ERISA Litigation, Civil Action No. 04-8157.

This litigation is pending against Marsh & McClennan Companies Inc., ("MMC" or the "Company") and other fiduciaries of the Marsh & McLennan Stock Investment Plan (the "Plan"), on behalf of Plan participants and beneficiaries who were invested in MMC common stock at any time between July 1, 2000 and January 31, 2005 (the "Class Period"). The Court has appointed the law firm of Keller Rohrback L.L.P. to serve as lead counsel for plaintiffs and the proposed class. Schatz & Nobel, PC and Cohen, Milstein, Hausfeld & Toll, P.L.L.C serve on the Executive Committee along with Goodkind Labaton Rudoff & Sucharow LLP which serves on the Executive Committee and as Liaison Counsel for plaintiffs and the proposed class.

The Complaint alleges that during the Class Period, the defendants violated the fiduciary duties they owed to the Plan participants and beneficiaries by: 1) failing to prudently and loyally manage the Plan's assets; 2) failing to provide participants with complete and accurate information regarding Marsh stock sufficient to advise participants of the true risks of investing their retirement savings; and 3) failing to properly monitor the performance of their fiduciary appointees, and remove and replace those whose performance was inadequate.

Source: dBusiness News

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