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Willis Towers Watson Settles a Pair of Merger-Related Suits for $90 Million
March 22, 2021

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.

Written By: Dennis O'Toole

I could go on and on, but bottom line, the fees being charged are much less than what I was spending in house to file and this is just one less thing I have to spend time trying to figure out how to complete on a consistent basis. Dealing with the CCC staff has been a very positive thing.

- National Bank

We were spending countless hours on class action claims before we signed on with CCC in January. Matt Murray and their technical team ensured our data transmission was seamless and secure. We found everyone at CCC to be professional, courteous, and accommodating.

- Savings Bank

Signing with CCC has made a huge difference. Before, it was horrible. We had to print thousands of pieces of paper, invite clients to come in and sit down with us to show them where to find the transactions, how to input them into the Proof of Claim forms. Now it's simple. It’s very nice to be able to tell our client, “You can shred that Proof of Claim form because CCC has it taken care of.

- Registered Investment Advisor

Your client reporting portal and customer service is the reason we chose Chicago Clearing. I send the data on an annual basis to CCC and they take it from there. My clients are protected (if there is a class action, it is getting filed), the Bank is protected (we are meeting our fiduciary obligation by filing the claims).

- Bank

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