A PYMNTS Company

US: Cigna settles six Class-Action lawsuits over merger with Anthem

 |  December 1, 2015

Cigna has agreed to settle numerous class-action shareholder lawsuits alleging the Cigna-Anthem merger “shortchanged investors,” according to Modern Healthcare.

The amount of the settlement was not disclosed, but it involved six class-action complaints filed after the two insurers announced their $54.2 billion deal this summer.

Shareholders of Anthem and Cigna will vote to approve or reject the merger later this week, but the final nod must be given by the federal government.

Full content: California Healthline

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.