West Penn Says Highmark Breached Terms Of $475M Merger

Law360, Philadelphia (October 17, 2012, 7:08 PM EDT) -- In the ongoing fallout of its collapsed $475 million merger with Highmark Inc., the financially ailing West Penn Allegheny Health System accused the insurer Tuesday of violating the terms of a year-old affiliation agreement designed to serve as the blueprint for their union.

In counterclaims filed as part of a suit launched by Highmark on Oct. 2 seeking to prevent West Penn from courting other partners, West Penn alleged that the insurer breached their 2011 affiliation agreement by attaching new conditions that required West Penn to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.