Split 4th Circuit Panel Finds That Merger Deal Suit Claims Were Not Time-Barred

Mealey's (September 11, 2019, 5:48 PM EDT) -- RICHMOND, Va. — A split Fourth Circuit U.S. Court of Appeals panel on Aug. 30 ruled that a federal district court erred in finding that a shareholder’s claims in a securities class action stemming from a merger deal were time-barred because the district court improperly applied the inquiry notice standard in support of its ruling (In re Willis Towers Watson plc Proxy Litigation, No. 18-1874, 4th Cir., 2019 U.S. App. LEXIS 26417)....