When she adopted the antitrust case over Anthem Inc.’s proposed $54 billion acquisition of Cigna Corp., the first order of business for U.S. District Judge Amy Berman Jackson in Washington was setting a starting date for the trial.
For the government and the two health insurance giants, it was a significant step: The government wanted enough time to properly prepare, while Anthem worried a prolonged proceeding would make it impossible to obtain all regulatory approvals before its April 30 deadline to close the deal with Cigna. Jackson scheduled the trial in August to begin on Nov. 21 and commented that it was a “bizarre situation” to be accommodating a deal that Cigna appears to no longer desire.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
