Va. Judge Wary Of Class Cert. Bid In Towers-Willis Merger Suit
Law360 (July 29, 2020, 8:57 PM EDT) -- A bid for certification of an investor class challenging the $18 billion merger of professional services firm Towers Watson & Co. and insurance brokerage Willis Group faced skepticism Wednesday from a Virginia federal judge who questioned whether he should first assess the merits of shareholders' allegations.
During a hour-long teleconference hearing regarding the merger that formed Willis Towers Watson PLC, U.S. District Judge Anthony J. Trenga asked if he should postpone class certification until a summary judgement order determining whether "there's a plausible damages model that links to [Towers' shareholders'] theory for liability."
In a series of probing exchanges with an attorney...
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