Law360, New York (May 12, 2010, 7:19 PM ET) -- A federal court has rejected an attempt by the city of New York to undo a merger of health insurance companies Group Health Inc. and HIP Foundation Inc. and denied the city's request to revise its complaint to include the “upward pricing pressure” test, finding no precedent exists to allow the court to consider the test.
In a decision Tuesday, Judge Richard J. Sullivan of the U.S. District Court for the Southern District of New York granted the health insurers' motion for summary judgment, saying that...
NYC's Bid To Undo Health Insurance Merger Nixed
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