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Willis Towers Watson Settles a Pair of Merger-Related Suits for $90 Million

Two Securities Settlements and One Claim Form



Willis Towers Watson


  • *Settlement Fund:  $90,000,000 
  • *Claim Filing Deadline:  5/25/21
  • *Class Period for Federal settlement: 10/1/15 - 1/4/16
  • *Class Period for Delaware settlement: 6/29/15 - 1/4/16


Earlier this year Snap settled two parallel litigations, one in state court and one in federal court, for a total of $187.5 million. Fortunately for claim filers, the two settlements were rolled up into one claim form. Willis Towers Watson (WTW) has now entered into a similar dual-court settlement with one claim form.

If only all securities class actions could be bundled like this, right?

Good news: they can.

When you have Chicago Clearing Corporation on your side, it's just like getting one claim form for every securities class action. Each year, there are over a hundred securities and antitrust class actions, and of course an equal number of claim forms (not counting outliers like Snap and Willis Towers Watson, of course). That is not only a hundred different funds, but a hundred different deadlines and processes across dozens of administrators and jurisdictions, with tens of thousands of CUSIPs to compile, and antique data to sift through... among other headaches.

Chicago Clearing simplifies both keeping up with class actions, and with filing in class actions. Our client website is a one-stop-shop for the global industry of financial litigations, and our entire claim filing service is, essentially, one claim form for years-on-end.

In this litigation, Willis Towers Watson has settled a federal class action settlement for $75 million and a Delaware state settlement for $15 million. Both litigations pertain to the 2016 merger between Towers Watson & Co and Willis Group Holdings, and both allege that:


  • *the defendants failed to disclose conflicts of interest held by John J. Haley, the former Chairman and CEO of Towers and the post-Merger CEO of WTW;
  • *that the defendants falsely described the two companies' negotations as arms-length;
  • *and that they otherwise failed to make other key disclosures to shareholders.


Eligible class members are those who held Towers Watson & Co. stock during two relevant periods:


  • *(A) All persons and entities that were shareholders of Towers Watson & Co., including shareholders of record and beneficial owners, as of both October 1, 2015 and January 4, 2016, and who were allegedly damaged thereby (the federal class); and
  • *(B) All persons and entities that were Towers shareholders, including shareholders of record and beneficial owners, at any time during the period from June 29, 2015 through and including January 4, 2016, together with their successors and assigns (the Delaware class).


Please note that the claim form only asks for the first period. For brokers and other nominees who provide notice to their clients, it would be best to use the latter class period for notification purposes as it encompases both periods.

If you have any questions about this or any other litigation, please gives a call any time at 312-204-6970, send us an email at clientservice@chicagoclearing.com, or send an email to any of us directly.


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  • *Settlement Fund:  $90,000,000 
  • *Claim Filing Deadline:  5/25/21
  • *Class Period for Federal settlement: 10/1/15 - 1/4/16
  • *Class Period for Delaware settlement: 6/29/15 - 1/4/16


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