Anthem Seeks Injunction To Keep Cigna In $54B Merger

Law360, Wilmington (April 20, 2017, 9:13 PM EDT) -- Anthem Inc. moved ahead in Delaware’s Chancery Court late Wednesday with a motion for a preliminary injunction barring Cigna Corp. from an April 30 termination of their disputed merger agreement, part of a multiforum brawl over the $54 billion tie-up.

A brief detailing the company’s argument remained under seal late Thursday, along with many other motions and documents submitted by the two companies in the Chancery proceedings. Cigna noted in one document that a May 8 hearing had been scheduled for the the preliminary injunction, however.

Vice Chancellor J. Travis Laster approved a temporary restraining order blocking Cigna’s exit from the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!