SABOTAGE CLAIMS
Cigna and Anthem in merger court battle
Health company Cigna accuses Anthem of trying to undermine its business by stealing confidential information and harassing its customers
Washington/Wilmington, Delaware — Cigna and Anthem traded accusations of harassment and sabotage in competing lawsuits as the two health companies feud publicly in the wake of a stalled $48bn merger. Cigna accused Anthem of trying to undermine its business by stealing confidential information and harassing its customers. Anthem blamed Cigna for the deal’s failure, saying CE David Cordani had sabotaged the companies’ merger when Anthem rejected his demand to be made CE of the combined entity. The Cigna complaint, filed in Delaware on February 14, exposes the deep rift between the two companies in their effort to win antitrust approval for the tie-up they struck in 2015. The clash contributed to a federal judge’s decision to block the merger earlier in February. Cigna assailed Anthem’s conduct while the two companies were seeking regulatory approval of the deal, accusing it of using the pending merger for its own benefit and to hurt Cigna. Anthem’s actions led to the deal’s collapse w...
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