SEATTLE, Oct. 21, 2004 (PRIMEZONE) -- Keller Rohrback L.L.P. (www.erisafraud.com) today announced that it has commenced an investigation against Marsh & McLennan Companies Inc. ("Marsh & McLennan" or the "Company") (NYSE:MMC) for violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation focuses on investments in Company stock by the Marsh & McLennan Companies Stock Investment Plan and the Putnam Investments Profit Sharing Retirement Plan (the "Plans") between October 15, 1999 through the present (the "Class Period").
Keller Rohrback's investigation focuses on concerns that Marsh & McLennan and the plan administrators may have breached their fiduciary duties of loyalty and prudence to the Plans' participants. A breach may have occurred if the fiduciaries failed to prudently manage the Plans' assets, by among other things, offering Marsh & McLennan stock as a Plan investment option, requiring participants to invest in the stock, and investing and holding matching contributions in the stock at a time when the stock was not a suitable and appropriate investment option. A breach also may have occurred if the fiduciaries withheld or concealed material information from the Plans' participants with respect to the Company's business, financial results and operations, thereby encouraging participants and beneficiaries to continue to make and maintain substantial investments of company stock in the Plans.
If you are a member of either the Marsh & McLennan Companies Stock Investment Plan or the Putnam Investments Profit Sharing Retirement Plan and purchased or held Marsh & McLennan stock through one of those Plans, you may contact paralegal Jennifer Tuato'o, or any member of our team, Erin Riley, Derek Loeser or Lynn Sarko, toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com.
Keller Rohrback is one of America's leading law firms handling ERISA retirement plan litigation. Our attorneys helped pioneer this field in the Lucent and IKON ERISA breach of fiduciary duty cases--the first large-scale ERISA 401(k) cases filed. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA breach of fiduciary duty cases, including the Enron and WorldCom, Inc. ERISA litigations and was most recently appointed lead counsel in The Goodyear Tire & Rubber Company ERISA Litigation. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.