Anthem Battles To Save $54B Cigna Deal At DC Circ. Hearing

Law360, Washington (March 24, 2017, 1:53 PM EDT) -- Anthem Inc. fought to salvage its thwarted $54 billion merger with Cigna Corp. during oral arguments before a D.C. Circuit panel on Friday, claiming that a trial judge ignored the deal’s massive medical cost savings when she blocked it for being anti-competitive.

Anthem complained to the panel that D.C.'s U.S. District Judge Amy B. Jackson committed legal error in her “categorical rejection” of the medical savings argument when she spiked the deal on Feb. 8 for its likely impact on sales to large "national accounts" in 14 states where Anthem operates as a licensee of Blue Cross Blue Shield.

The medical...

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