The lawsuit alleges that Defendants issued a materially misleading proxy statement recommending that Willis Towers shareholders vote in favor of the proposed merger between Willis Towers and Aon. According to the complaint, the proxy statement contains materially incomplete and misleading information concerning, among other things, Willis Towers', Aon's, and the combined company's financial projections and the analyses performed by Willis Towers' financial advisor.
Rigrodsky & Long, P.A.’s own filed a suit last week in the US District Court for the District of Delaware. Similarly, the complaint points to alleged violations of the Securities Exchange Act of 1934.
“Among other things,” noted Rigrodsky & Long, P.A., “the complaint alleges that, in an attempt to secure shareholder support for the proposed transaction, defendants issued materially incomplete disclosures in a proxy statement filed with the United States Securities and Exchange Commission.”
Last month, Faruqi & Faruqi, LLP filed a class action lawsuit in the US District Court for the Southern District of New York. Also in May, Bragar Eagel & Squire, P.C. reminded Willis Towers Watson investors of the US stockholder rights law firm’s ongoing probe concerning the sale agreement with Aon.