Anthem Rips Cigna CEO In Chancery Over $54B Merger Bust

Law360 (March 1, 2019, 9:51 PM EST) -- Cigna Corp. CEO David Cordani did "tremendous damage" to a $54 billion merger bid by Anthem Inc. during deposition testimony ahead of a successful federal suit to block the deal, a lead Anthem trial attorney testified Friday in Delaware's Chancery Court.

The failed merger between Anthem and Cigna is the subject of a Delaware Chancery Court suit. (AP) Christopher M. Curran of White & Case LLP, counsel to Anthem, said the unexpectedly hostile position taken by Cordani ahead of the late 2016 trial "was a powerful moment" for the whole case. The testimony came during the fifth day of a 10-day...

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