© 2019 by Nordic Star Law. All rights reserved. No Attorney Client Relationship. 

Recent Posts

Cigna Corp. officials did everything they could to sabotage a $48.9 billion merger with Anthem Inc., including refusing to consider divestitures that would have helped the deal win regulatory approval, Anthem’s general counsel told a judge.

Cigna refused to turn over data Anthem executives needed to convince U.S. Justice Department attorneys of the merger’s value to customers, Thomas Zielinski, Anthem’s top lawyer, testified Monday in the opening of a damages trial tied to the transaction’s collapse.

After Cigna Chief Executive Officer David Cordani expressed unhappi...

Cigna Corp. officials did everything they could to sabotage a $48.9 billion merger with Anthem Inc., including refusing to consider divestitures that would have helped the deal win regulatory approval, Anthem’s general counsel told a judge.

Cigna refused to turn over data Anthem executives needed to convince U.S. Justice Department attorneys of the merger’s value to customers, Thomas Zielinski, Anthem’s top lawyer, testified Monday in the opening of a damages trial tied to the transaction’s collapse.

After Cigna Chief Executive Officer David Cordani expressed unhappi...

Cigna Corp. confirmed that its proposed $54 billion acquisition of Express Scripts Holding Co. will be reviewed by the U.S. Department of Justice, which has raised the bar for approving deals that don’t combine direct competitors.

The health insurer has been telling investors since at least early April about the review, but hadn’t made a public statement until late Wednesday. Analysts at Credit Suisse sent an alert to clients on April 5, saying Cigna Chief Executive Officer David Cordani told investors during an event in Europe that the deal would be looked at by th...

Insurers' ill-fated $48 billion tie-up hits dead end, but battle over damages looms.

Anthem Inc. said it would finally give up on its ill-starred deal for Cigna Corp., setting the stage for a rancorous court battle between the companies over billions in potential damages.

The fight will play out in a Delaware court where each company has sued the other, both alleging breaches of their merger agreement. Late Thursday, a Delaware judge denied Anthem's request to keep Cigna locked in the $48 billion deal as Anthem continued trying to overcome antitrust rulings against t...

On March 8, 2017, the U.S. District Court for the District of Connecticut (the “Connecticut Court”) ruled, in Connecticut General Life Insurance Company v. True View Surgery Center One, LP, that Connecticut General Life Insurance Company (“Cigna”) was barred from pursuing recoupment from True View and other affiliated surgery centers (collectively, the “Surgery Centers”) for reported overpayments attributable to the Surgery Centers’ alleged fee-forgiving billing practices. Cigna served as a health benefits insurer and/or a third-party claims administrator for 316 h...

A federal district court found that Cigna Healthcare abused its discretion, and thus was liable under section 502(a)(1)(B) of ERISA, when its primary motivation for refusing to pay a hospital’s claims was to enhance its leverage in negotiations to bring the hospital into its provider network. While Cigna argued that it had a valid justification for refusing to pay the hospital’s claims because of the hospital’s practice of forgiving balances owed by Cigna’s members, the court found that Cigna’s interpretation of its plan language was legally incorrect, and that the...

The U.S. District Court for the Southern District of Texas recently ruled on motions for summary judgment by both parties in North Cypress Medical Center Operating Company, Ltd v. Cigna Healthcare, holding that Cigna’s application of its “fee forgiveness” protocol (the “Protocol”) in the administration of benefit claims for medical services rendered by North Cypress was legally incorrect and constituted an “abuse of discretion” under ERISA. Cigna performed claims administration services as a third-party service provider for employer-sponsored, self-funded group med...

Cigna Corp. has been banned from marketing its Medicare products to new customers after the U.S. found deficiencies in how the health insurer ran its plans, citing widespread violations that the government said threatened patients’ health.

“Cigna has experienced widespread and systemic failures impacting Cigna enrollees’ ability to access medical services and prescription medications,” the U.S. government said in a Jan. 21 letter to the insurer outlining the sanctions. “Cigna has had a longstanding history of noncompliance” with requirements from the Centers for Med...

Please reload

Please reload

Archive

Please reload

Tags