Health insurance giants Anthem and Cigna will have to handle their own costs associated with a failed merger, the Delaware Court of Chancery ruled Monday.
In a 311-page memorandum opinion that referred to the companies' merger agreement and subsequent legal proceedings as "star-crossed" and a "battle for power," vice chancellor J. Travis Laster gave each company a partial win by ruling in their favor on certain claims, but ultimately barred either from obtaining damages from the other.
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Ellen Bardash
Ellen Bardash is ALM's reporter covering Delaware litigation for Delaware Law Weekly and Delaware Business Court Insider. She can be contacted at [email protected], on Twitter @Dellenware or on Threads @ellenbardash.
