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Weil Defeats Securities Class Action Regarding $18B Willis-Towers Watson Merger

On July 11, 2018, Weil secured a complete dismissal of all claims brought against global risk management advisor Willis Towers Watson plc, among others, in a putative federal securities class action in the U.S. District Court for the Eastern District of Virginia relating to the 2016 “merger of equals” between Willis Group Holdings plc and Towers Watson & Co. The lead plaintiff, the Regents of the University of California, asserted claims under Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and alleged, among other things, that a conflict of interest on the part of Towers Watson’s CEO had not been properly disclosed prior to the merger. Following briefing and argument, the Court dismissed the case in its entirety.

The Weil team was led by Securities Litigation practice Co-Head John Neuwirth, and included partner Joshua Amsel and associates Amanda Pooler, Andrew Blumberg, Megan Richardson, Kaela Dahan and Patrick Branson.

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