A federal judge last Monday tossed out a lawsuit filed again Marsh & McLennan in which shareholders accused the company of withholding information about improper trading at its Putnam Investments subsidiary in order to keep share prices artificially high, according to Dow Jones.

The class-action suit was filed on behalf of all those who bought Marsh securities between Jan. 3, 2000 and Nov. 3, 2003, and named Marsh & McLennan, Putnam, and several former officers and directors.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.