Verisk Sues AccuLynx After Bailing on $2 Billion Analytics Deal

Verisk Analytics Inc. is seeking court approval for its move to scrap its planned $2.35 billion deal for AccuLynx.com after antitrust review delayed closing beyond the transaction’s drop-dead date.

The data analytics company sued its former acquisition target, seeking a declaration it had the right to walk away after stepped-up scrutiny from the Federal Trade Commission undermined the deal’s business logic. Although Verisk more than fulfilled its obligation to put “commercially reasonable efforts” toward winning regulatory clearance, the FTC decided it couldn’t sign off for at least several more months, the filing says.

“Understandably, AccuLynx was disappointed with this outcome; ...