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What's happening in insurance today? From market changes and M&A activity to new coverages, the insurance industry is ever-evolving. To stay up-to-date on the business, these articles, which are updated regularly, will help insurance professionals maintain a competitive edge.
The lawsuit alleges that Willis Towers Watson issued a materially misleading proxy statement recommending shareholders to vote in favor of the Aon merger. (Photo: Shutterstock)Willis Towers Watson is facing a new class-action lawsuit in connection with its proposed merger with Aon, marking the third legal action against the company in the past month.
The suit, filed June 5 by Halper Sadeh LLP on behalf of Willis shareholders, alleges that Willis violated the Securities Exchange Act of 1934 when it issued a materially misleading proxy statement recommending shareholders vote in favor of the Aon merger.
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Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
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