Cigna Seeks to Revive Claims Against Anthem Over Failed Merger

Cigna Corp. will ask Delaware’s top court to resurrect its claims against Anthem Inc. over the collapse of their planned $54 billion merger, which would have created the country’s largest health insurer, after a Chancery Court judge denied each company’s bid for billions in damages.

Vice Chancellor J. Travis Laster delivered a 311-page ruling Aug. 31, rejecting Anthem’s quest for $21 billion from Cigna, which sought more than $16 billion in turn. Each side blamed the other for the deal’s 2017 failure, after the Justice Department successfully challenged it on antitrust grounds.

The merger agreement called for Anthem, ...