Cigna Tries To Nix $54B Anthem Deal With $15B Damages Suit

Law360, New York (February 14, 2017, 4:04 PM EST) -- Cigna sued Anthem in Delaware court Tuesday for $15 billion in damages and termination fees as it seeks to pull the plug on the companies' planned $54 billion merger — but Anthem said its fellow health insurer couldn't legally drop the deal.

Cigna sued Anthem in Delaware's Chancery Court for a declaratory judgment that it had legally terminated the agreement and that Anthem couldn't extend the termination date for the transaction. (AP) Cigna Corp.'s announcement that it would drop the deal comes a day after Anthem...
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