whatsapp Anthem hits back at Cigna’s $15bn lawsuit Share whatsapp Tuesday 14 February 2017 9:15 pm Cigna has filed a lawsuit demanding that Anthem pay $13bn in damages and $1.85bn in break up fees after a judge ruled the two could not merge.Read more: Could it be Luxembourg for Lloyd’s post-Brexit?But, Anthem said in a statement today: “Under the terms of the merger agreement, Cigna does not have a right to terminate the agreement.”Therefore, Cigna’s purported termination of the merger agreement is invalid.”Last week, a federal judge ruled that the merger of two health insurance firms was illegal according to antitrust law. Helen Cahill Health insurer Anthem has hit back at Cigna after it said it was terminating a merger between the two companies and wants $15bn (£12bn) in fees and damages.Anthem has said that Cigna cannot end the deal between the two companies. Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamourWant Thicker Hair? Follow These 12 StepsVegamourHow Often Can You Dye Your Hair?VegamourTips & Tricks for Styling Thin HairVegamour16 Foods to Grow Your Healthiest Hair EverVegamour Read more: Can we have some more? Regulator hikes financial levy on insurers But, Anthem is pushing forward with an appeal, on the basis that 99 per cent of the votes cast by both shareholders of the companies approved of the merger.Cigna said in a statement: “This action is necessary to enforce and preserve Cigna’s rights and protect the interests of its shareholders.”The company believes strongly in the merits of its case and hopes that this matter is rapidly resolved.”Anthem maintains that the merger could save Americans $2bn in medical costs per year, and said it was “disappointed” with the decision of the US court.

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