WILMINGTON, Del. (Legal Newsline) - Securities class action lawyers are rejoicing at a recent ruling that gives them 26.7 % of the largest cash recovery in the history of the Delaware Court of Chancery.
Stock Market | FinancialContent Business Page financialcontent.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialcontent.com Daily Mail and Mail on Sunday newspapers.
Stock Market | Daily Herald dailyherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyherald.com Daily Mail and Mail on Sunday newspapers.
Citizens for a Pro-Business Delaware has been rebranded as Citizens for Judicial Fairness. A release stated that the change reflects the group’s "evolution to a reform-focused organization advocating for equity and transparency in state courthouses and law firms nationwide, as well as its commitm
Following Retirement of Vice Chancellor Joseph Slights, Citizens for a Pro-Business Delaware Launches Advocacy Campaign to Appoint Person of Color to the All-White Chancery Court - Press Release wiredprnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wiredprnews.com Daily Mail and Mail on Sunday newspapers.
Struggling COVID patient can't use courts to force hospital to treat him with ivermectin legalnewsline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from legalnewsline.com Daily Mail and Mail on Sunday newspapers.
(Photo by SolStock/Getty Images) Major health insurer Cignabeat financial expectations during the first quarter of 2021 with a $1.2 billion profit and has adjusted its 2021 outlook to reflect renewed optimism, despite the difficulties created by the ongoing COVID-19 pandemic. The insurer s overall revenue reached $41 billion during the quarter, driven in large part by its Evernorth health services unit, which includes pharmacy benefit manager Express Scripts. The unit posted a 13% increase in revenue from the same time last year. Cigna s adjusted income from operations for first-quarter 2021 was $1.7 billion, compared with $1.8 billion for the first quarter of 2020 – numbers the company attributed to Evernorth. Evernorth fulfilled 393 million adjusted pharmacy scripts in the first quarter, an increase of 9% over the first quarter of 2020, driven by what Cigna called strong organic growth.
(Photo by Martin Barraud/Getty Images) The Delaware Supreme Court ruled Monday that health insurer Cigna won t receive a $1.85 billion breakup fee after the dissolution of its attempted merger with Anthem. Neither entity will receive any funds for the breakup, the court decided, backing up a previous decision from Chancery Court Vice Chancellor J. Travis Laster in 2020. Neither side can recover from the other, wrote Laster in the 2020 ruling. Each must deal independently with the consequences of their costly and ill-fated attempt to merge. WHAT S THE IMPACT The merger attempt was initiated back in 2015, with Anthem setting its sights in purchasing Cigna for around $54 billion in a deal that would have created the largest health insurer in the U.S.