SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against Willis Towers Watson plc (WLTW) and Lead Plaintiff Deadline: January 22, 2018

NEW YORK, Nov. 28, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed in United States District Court for the Eastern District of Virginia against Willis Towers Watson plc (WLTW), Towers Watson & Co. ("Towers"), Willis Group Holding plc ("Willis"), ValueAct Capital Management, John J. Haley, Dominic Casserley, and Jeffrey W. Ubben for alleged breaches of fiduciary duty in connection with the merger between Towers and Willis. Towers investors of record as of October 2, 2015 (the date Towers shareholders were eligible to vote on the merger) are encouraged to learn more about this case by visiting the firm's site: http://www.bgandg.com/wltw.

The Complaint alleges that, in connection with the January 4, 2016 Towers and Willis merger, Defendants violated provisions of the Exchange Act by issuing false and misleading statements in proxy materials filed with the SEC.  Prior to the Merger, Towers was a leading global consulting company that helped organizations improve performance through risk management, human resources, actuarial and investment services.  Willis, which was based in London, was a multinational risk advisor, insurance brokerage, and reinsurance brokerage company.

On June 30, 2015, Towers and Willis revealed that they had entered into a merger agreement, under which Towers shareholders would receive 2.649 shares of Willis stock and a $4.87 per share cash dividend per each Towers share and that Towers shareholders would own 49.9% of the combined entity, with Willis shareholders owning the remaining majority. The merger required the vote of a majority of Towers investors. The Towers Board of Directors authorized Towers Chairman and CEO Haley to renegotiate the deal terms, but instead of negotiating in the Towers shareholders best interests, the lawsuit claims that Haley conspired with Willis executives and a major Willis shareholder, ValueAct and then persuaded Towers' Board and Towers shareholders that a $5 increase in the special dividend was the most he could extract from Willis. Defendants allegedly made numerous misrepresentations to Towers shareholders to mislead them into accepting consideration from the Merger that was well below fair value for their Towers shares.

A class action lawsuit has already been filed. If you are a Towers investors of record as of October 2, 2015 and wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/wltw. You may also contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. You have until January 22, 2018 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC