Law360 (March 4, 2019, 9:43 PM EST) — An Anthem Inc. attorney accused Cigna Corp.’s top officer Monday of running a covert campaign to overhaul or undermine a $54 billion merger, complete with the secret hiring of Wachtell Lipton Rosen & Katz LLP under a code name, during a Chancery Court damages trial.
Anthem attorney Glenn M. Kurtz of White & Case LLP highlighted the effort while questioning Cigna CEO David Cordani on the sixth day of the trial over the two companies’ collapsed deal and multibillion-dollar damages battle in Delaware, with Anthem accusing its prospective partner of ignoring contract duties to use “reasonable best efforts” to get the deal done.