G&E Wins Appeal of Towers Watson Merger Dismissal
After the Delaware Court of Chancery dismissed G&E’s shareholder lawsuit last June alleging breach of fiduciary duty in the $18 billion Towers Watson merger, G&E recently secured a reversal in the Delaware Supreme Court. The case asserts a post-closing damages claim on behalf of a class of stockholders of insurance brokerage Willis Group when it merged with Towers Watson & Co. to form Willis Towers Watson Public Limited Company. The reversal sends the case back to the Chancery Court for reconsideration.
Read the Law360 article here.