Feb 26, 2019

Anthem: Cigna "cut us off at the knees" before merger

Photo: Aaron P. Bernstein/Getty Images

Anthem’s general counsel told a judge yesterday that Cigna "cut us off at the knees," sabotaging the proposed merger between the two insurers, Bloomberg reports.

What they’re saying: The nearly $50 billion merger would have involved Anthem buying Cigna. But Cigna CEO David Cordani was insistent on running the new, combined company, and Cigna grew uncooperative after he was rebuffed, Anthem general counsel Thomas Zielinski said in court, per Bloomberg.

  • Zielinski accused Cigna of undermining plans for combining the two companies' operations and responding to the government's antitrust concerns, including being unwilling to sell any of its assets to help get the merger approved.

The other side: Cigna has accused Anthem of using the merger to steal sensitive information and customers.

Where it stands: Anthem says it's entitled to $20 million from Cigna because of the deal's collapse, while Cigna says it's entitled to $16 million from Anthem. The trial to sort all this out is just getting started.

Go deeper: Health insurance is as big as Big Tech

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Updated 1 hour ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

The number of deaths from the novel coronavirus surpassed 400,000 worldwide on Sunday morning, per Johns Hopkins.

By the numbers: Almost 6.9 million people have tested positive for COVID-19 globally and more than 3 million have recovered from the virus. The U.S. has reported the most cases in the world with over 1.9 million.

George Floyd updates

Protesters gather north of Lafayette Square near the White House during a demonstration against racism and police brutality, in Washington, D.C. on Saturday evening. Photo: Jose Luis Magana/AFP via Getty Images

Tens of thousands of demonstrators have been rallying in cities across the U.S. and around the world to protest the killing of George Floyd. Huge crowds assembled in Washington, D.C., Philadelphia and Chicago for full-day events on Saturday.

Why it matters: Twelve days of nationwide protest in the U.S. has built pressure for states to make changes on what kind of force law enforcement can use on civilians and prompted officials to review police conduct. A memorial service was held for Floyd in Raeford, North Carolina, near where he was born. Gov. Roy Cooper ordered all flags to fly at half-staff to honor him until sunset.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 6,898,613 — Total deaths: 399,832 — Total recoveries — 3,087,714Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 1,920,061 — Total deaths: 109,802 — Total recoveries: 500,849 — Total tested: 19,778,873Map.
  3. Public health: Why the pandemic is hitting minorities harder — Coronavirus curve rises in FloridaHow racism threatens the response to the pandemic Some people are drinking and inhaling cleaning products in attempt to fight the virus.
  4. Tech: The pandemic is accelerating next-generation disease diagnostics — Robotics looks to copy software-as-a-service model.
  5. Business: Budgets busted by coronavirus make it harder for cities to address inequality Sports, film production in California to resume June 12 after 3-month hiatus.
  6. Education: Students and teachers flunked remote learning.