Law360, New York (May 23, 2012, 5:08 PM EDT) -- West Penn Allegheny Health System Inc. on Tuesday fought to keep its antitrust lawsuit against rival University of Pittsburgh Medical Center alive, asserting its right to sue despite a promise from insurer Highmark Inc., its potential buyer, to drop the suit.
Asserting that Highmark's pending $475 million deal to acquire West Penn Allegheny may not happen, the health care company said a UPMC motion to stay the suit, filed earlier this month, would cause it unnecessary hardship.
West Penn Allegheny filed the suit in April 2009,...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.