Our Securities Litigation and Securities Groups take a closer look at a technical, fact-specific decision addressing claims brought in connection with a special purpose acquisition company's de-SPAC merger transaction.
On January 3, 2022, the Delaware Court of Chancery issued an opinion denying motions to dismiss in In re Multiplan Corp. Stockholders Litigation, a stockholder action arising out of the.
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The defendants of a case filed in April 2020, Cigna Behavior Health, Inc., and Multiplan, Inc., have responded to the initial complaint against them which alleged their involvement in a reimbursement scheme. The complaint was filed in the Northern District of California by a plaintiff known as R.J., who filed suit as the representative of her son and all others similarly situated.
The complaint explained that R.J. and her son were covered under Cigna’s insurance plan, for which they paid a higher premium for a specific privilege that allowed them to choose out-of-network healthcare providers. The son, the complaint said, received treatment for his mental health and substance use disorders from out-of-network providers who were “licensed, accredited, treatment providers.” Despite their plan allowing this type of treatment, Cigna allegedly denied their coverage claims all while “reaping large profits from his [SJ’s] supposedly premier, gold
2020 Health Care Services M&A Market Survived Covid-19, According To Irving Levin Associates, Inc.
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According to a new report from Irving Levin Associates, mergers and acquisitions in the health care services industry decreased 13% in 2020, to 1,116 deals, from the record set in 2019.
“Deal making in the healthcare services sectors was definitely impacted by Covid-19, but survived in the end. NEW CANAAN, Conn. (PRWEB) February 17, 2021 Merger and acquisition activity in the healthcare industry’s services sectors declined 13% in 2020 compared with the year before, according to The 2021 Health Care Services Acquisition Report, Twenty-Seventh Edition. Deal volume for the healthcare services sectors reached 1,116 transactions versus a record high of 1,282 in 2019. Still, 2020 deal volume was 11% higher than it was in 2016 (1,004 deals), five years earlier.