Federal court dismisses market-timing suit against Marsh, Putnam.
A federal court in Maryland Maryland (mâr`ələnd), one of the Middle Atlantic states of the United States. It is bounded by Delaware and the Atlantic Ocean (E), the District of Columbia (S), Virginia and West Virginia (S, W), and Pennsylvania (N). has dismissed a shareholders class-action lawsuit lawsuit: see procedure; tort. based on allegations of market timing against Marsh & McLennan Cos.' Putnam Funds.
A U.S. district judge granted defendants' motions to dismiss all claims against them, Marsh said in its Form 10-K Form 10-K
A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.
Form 10-K
See 10-K. filed with the U.S. Securities and Exchange Commission.
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