Willis Towers Watson Ducks Investors' $18B Merger Suit

By Hayley Fowler (July 12, 2018, 3:08 PM EDT) -- A Virginia federal judge on Wednesday booted a putative investor class action that sought to pin Towers Watson & Co. and Willis Group over their $18 billion merger that formed Willis Towers Watson PLC, which investors said undervalued Towers Watson and overcompensated the new CEO, finding the claims were too late.

U.S. District Judge Anthony J. Trenga dismissed Willis Towers Watson, its CEO John J. Haley and one of Willis' largest shareholders, ValueAct Capital Management LP, from the suit, saying the investors waited too long to sound the alarm by filing outside of the applicable statute of limitations.

"The court concludes...

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