for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Westlaw News

Delaware top court rejects Cigna's $1.8 billion fee bid over failed Anthem merger

The Delaware Supreme Court on Monday rejected Cigna Corp’s bid to obtain a $1.85 billion termination fee from Anthem Inc after the failure of the two insurers’ proposed $54 billion merger, spelling the end to the companies’ long-drawn legal battle.

Justice Karen Valihura delivered the high court’s 5-0 ruling in a brief order that held that Vice Chancellor Travis Laster’s earlier ruling against Cigna should be affirmed on the same grounds that the lower-court judge had.

To read the full story on Westlaw Today, click here: bit.ly/3nIfA3X

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up