NYC's Bid To Halt Health Insurance Cos. Merger Denied

Law360, New York (November 14, 2006, 12:00 AM EST) -- A federal judge has denied the City of New York’s bid for a temporary restraining order that would have halted a proposed union between health insurance companies Group Health Inc. and HIP Foundation Inc., a decision that may have triggered the first step toward new health insurance providers for city employees and retirees.

U.S. District Judge Kenneth M. Karas decided not to issue the requested order after hearing oral arguments on Tuesday.

"While we are disappointed in the judge's denial of our temporary restraining order application,...
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