Aon Dealt a Blow in Bid for Quick Trial on U.S. Challenge to Willis Towers Merger

- Advertisement -

WASHINGTON—A federal judge said he can’t schedule a summer trial in the Justice Department’s antitrust lawsuit challenging insurance broker Aon PLC’s proposed acquisition of rival Willis Towers Watson PLC, a blow to Aon’s bid to save a deal that expires Sept. 9.

U.S. District Judge Reggie Walton instead said Tuesday he plans to hold trial proceedings for a few days beginning Nov. 18, and then again during an opening in his schedule from Dec. 20-22. A decision could take weeks or months after those proceedings conclude.

The judge said that he faced a huge backlog of cases because of the coronavirus pandemic. He said that the November and December dates for the Aon litigation may slip, because he also is presiding over several cases related to the Jan. 6 riot at the U.S. Capitol, which take priority because of defendants’ speedy-trial rights.

“I understand the desire to try and get the case to trial as quickly as possible, but I think it’s impractical,” the judge said during a scheduling hearing.

Aon and Willis Towers, both registered in Ireland, announced their roughly $30 billion deal in March 2020. They are two of the world’s biggest insurance brokerages by revenue, alongside New York-based Marsh & McLennan Cos. The brokerages help companies buy insurance and advise them on risk management and are also major consultants to businesses on health and other benefit packages for their employees.

Latest news

Canada wins silver in 1st ever women’s single canoe sprint at Tokyo Olympics – National

Canada’s Laurence Vincent-Lapointe won the silver medal in the first ever Olympic women’s 200-metre single canoe sprint event in Tokyo on Thursday. Nevin Harrison of...

Sport climbing makes Olympic debut at Tokyo 2020. All you need to know – National

For the first time in the history of the Olympics, athletes are climbing their way to the podium — quite literally. Sport climbing is making...

Weber Prices Below Expectations as Grill Maker Downsizes Its IPO

Grill maker Weber Inc. sold fewer shares at a lower price than expected in its...

Weber Prices Below Expectations as Grill Maker Downsizes Its IPO

Grill maker Weber Inc. sold fewer shares at a lower price than expected in its...
Related news

Canada wins silver in 1st ever women’s single canoe sprint at Tokyo Olympics – National

Canada’s Laurence Vincent-Lapointe won the silver medal in the first ever Olympic women’s 200-metre single canoe sprint event in Tokyo on Thursday. Nevin Harrison of...

Sport climbing makes Olympic debut at Tokyo 2020. All you need to know – National

For the first time in the history of the Olympics, athletes are climbing their way to the podium — quite literally. Sport climbing is making...

Weber Prices Below Expectations as Grill Maker Downsizes Its IPO

Grill maker Weber Inc. sold fewer shares at a lower price than expected in its...

Weber Prices Below Expectations as Grill Maker Downsizes Its IPO

Grill maker Weber Inc. sold fewer shares at a lower price than expected in its...

LEAVE A REPLY

Please enter your comment!
Please enter your name here