West Penn Rips Antitrust Suit In Wake Of Nixed Highmark Deal

Law360, New York (October 15, 2012, 5:38 PM EDT) -- West Penn Allegheny Health System Inc. on Friday moved to dismiss allegations it conspired with would-be acquirer Highmark Inc. to shut out University of Pittsburgh Medical Center from the western Pennsylvania health care market, lambasting UPMC for concocting a “fairy-tale conspiracy” against its rival.

In a bid to dismiss three separate counts of UPMC's Pennsylvania federal court complaint against West Penn and insurer Highmark — weeks after the defendants' $475 million merger fell through — hospital system West Penn called its competitor's allegations of monopoly conduct...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

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.