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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!