Marsh, which agreed to pay $850 million in January to settle a lawsuit by Spitzer accusing it of rigging bids and fixing prices, and steering business to insurers that paid special fees, said it took a $225 million of pretax charges for restructuring, retaining employees, regulatory and compliance matters, and possible reimbursements related to mutual funds.
The company's revenue slid 12% in investment management to $398 million. Its fund unit
The company posted net income of $134 million, or 25 cents a share, compared with $446 million, or 83 cents a share, a year earlier.