Lawyers defending Aetna Inc.’s proposed acquisition of Humana Inc. accused the U.S. Department of Justice on Tuesday of “serious delay and misconduct” as the two health insurance companies demand access to regulatory information to defend their $37 billion deal.
In a request for sanctions filed in Washington federal district court, the companies’ lawyers alleged the government withheld about 1 million documents. And they argued the government’s alleged obstruction has “gravely undermined” the ability of the insurers to mount a defense against claims from antitrust enforcers that the acquisition would drive up the price of insurance.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
C. Ryan Barber
C. Ryan Barber, based in Washington, covers government affairs and regulatory compliance. Contact him at [email protected]. On Twitter: @cryanbarber
