Cigna rejects $48B Anthem takeover, sues for damages
Cigna says it is rejecting Anthem's proposed $48 billion acquisition bid and suing the Blue Cross-Blue Shield insurer.
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Anthem vows to appeal ruling blocking $48B Cigna purchase
Anthem Inc. on Thursday morning vowed to appeal a federal judge's ruling that blocked its $48 billion purchase of Cigna Corp. on the grounds it would be anticompetitive.
Federal court expected to block Anthem-Cigna deal, report says
Anthem Inc. on Thursday said it was extending the termination date for its pending $54 billion merger with Cigna Corp.—a deal that is expected to be blocked by a federal judge, according to a new media report.
Anthem-Cigna merger goes to judge for ruling that could end deal
The first phase of the U.S. Justice Department’s lawsuit to halt Anthem Inc.’s planned takeover of rival insurer Cigna Corp. is in the hands of a federal judge after the government wrapped up its arguments Tuesday that the deal would harm competition in the national insurance market.
Anthem’s Cigna takeover could draw $3B Blue Cross fine, exec testifies
Anthem Inc. could face a penalty of about $3 billion from the national Blue Cross Blue Shield Association if it fails to derive the bulk of its nationwide revenue from Blue-branded products after acquiring Cigna Corp., according to testimony from an Anthem executive during a U.S. antitrust trial in Washington.
Anthem, Cigna to begin court fight to save $48 billion merger
Anthem Inc.’s proposed merger with Cigna Corp. would reduce health-care competition and raise costs for consumers, U.S. antitrust lawyers will argue Monday when the government goes to court to try to block the transaction.
Judge limits expert testimony in Simon antitrust suit
Expert witnesses for Indianapolis-based Simon Property Group and a competing shopping center developer will be barred from testifying on certain subjects in an antitrust lawsuit against Simon, a federal judge ruled Wednesday.
Supreme Court rejects NCAA appeal of antitrust ruling
The U.S. Supreme Court is leaving in place court rulings that found the NCAA's amateurism rules for big-time college basketball and football players violated federal antitrust law.
Anthem, Cigna accusing one another of merger breach, US says
Anthem Inc. and Cigna Corp., the health insurers fighting a U.S. antitrust lawsuit, have accused one another of breaching their $48 billion merger agreement, the Justice Department said in a court filing.
Feds sue Anthem, Cigna to block $48B merger
U.S. antitrust enforcers on Thursday roundly rejected a pair of proposed deals that would consolidate the nation’s five biggest health insurers into just three.
US preparing lawsuits against Anthem, Aetna deals, sources say
U.S. antitrust officials are poised to file lawsuits to block Anthem Inc.’s takeover of rival health-insurer Cigna Corp. and Aetna Inc.’s deal to buy Humana Inc., according to a person familiar with the matter.
Uber vies to force arbitration in surge-price antitrust suit
Uber Technologies Inc. is trying to force an antitrust suit over the company’s surge-pricing algorithm into arbitration, arguing the class-action case is attempting to dodge a ban on customers taking disputes to court.
Uber antitrust lawsuit over pricing green-lighted by judge
Uber Technologies Inc. and its co-founder Travis Kalanick will have to defend a lawsuit that accuses them of running an antitrust scheme by using an app to set high surge fares.