Bush-nominated judge to hear U.S. fight to stop Aon's purchase of Willis Towers
Reuters
Published Jun 17, 2021 01:51PM ET
Updated Jun 17, 2021 05:01PM ET
WASHINGTON (Reuters) -Senior Judge Reggie Walton, who joined the U.S. District Court for the District of Columbia in 2001, will hear the Justice Department's lawsuit aimed at stopping insurance broker Aon (NYSE:AON)'s $30 billion acquisition of Willis Towers Watson (NASDAQ:WLTW).
The U.S. Justice Department filed a lawsuit on Wednesday in hopes of blocking the deal, arguing that it would combine the second and third largest of the "Big Three" global insurance brokers and lead to higher prices.
The case was initially assigned to Judge Carl Nichols but reassigned hours later.
Walton, who was nominated to the court by President George W. Bush, had previously served as a judge on the Superior Court of the District of Columbia from 1981 to 1989 and 1991 to 2001.
Walton is also a former member of the U.S. Foreign Intelligence Surveillance Court, a secretive U.S. court that considers applications for electronic surveillance. He was the presiding judge for one of the seven years he spent on the court.
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Written By: Reuters
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