Provided by Dow Jones
By Eliot Brown When news emerged in December that Churchill Capital Corp IV, a blank-check company with no assets beyond its $2 billion in cash, had made an offer to acquire DirecTV, its stock barely moved. After a report in January that Churchill was in talks to merge with the buzzy electric-vehicle startup Lucid Motors Inc., it was a different story. Speculation about the possible combination spread on Reddit and other social-media platforms, fueled by Tesla Inc. s surge and a bet on a post-gasoline future. Traders sought additional information online and pointed to myriad bits of information to infer a deal was imminent. One online discussion prompted a trader to drive to an airport to photograph a jet that other traders conjectured was connected to the deal.
Churchill Capital Corp to Participate in the 2021 ICR Virtual Conference
Churchill Capital Corp to Participate in the 2021 ICR Virtual Conference Churchill Capital Corp, (“Churchill” or the Company), whose sponsor is an affiliate of M. Klein and Company, LLC, announced today that the Companys Chairman and CEO, Michael Klein will participate in a fireside chat during the 23rd Annual ICR Virtual Conference. The fireside chat will begin at 3:30 p.m. Eastern on Tuesday, January 12, 2021. To register for the fireside chat with Churchill Capital, please CLICK HERE. Michael Klein is the Chief Executive Officer and Chairman of the Board of Directors of the Churchill Capital Corp group of public equity growth companies. Mr. Klein founded the initial Churchill public equity growth vehicle in 2018, and has raised over $5 billion in IPO capital to date. Churchill companies have successfully announced mergers with Clarivate, MultiPlan, Skillsoft and Global Knowledge. Mr. Klein curren
Health
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December 21, 2020
In the Northern District of California on Friday, Judge Yvonne Gonzalez Rogers dismissed health insurance case against United Behavioral Health was dismissed with leave to amend. The judge dismissed the plaintiffs’ claims with prejudice under the Sherman Act and Racketeer Influenced and Corrupt Organizations Act (RICO) and the plaintiffs’ state law claims within the scope of the Employee Retirement Income Security Act (ERISA). Furthermore, the judge dismissed the plaintiffs’ state law claims regarding plans that fall outside the scope of ERISA with leave to amend.
The plaintiffs, led by Pacific Recovery Solutions, are out-of-network health care providers who provided intensive outpatient program (IOP) services to patients who had health insurance policies administered by United. At dispute was whether United represented to the plaintiffs that it would pay a percentage of the Usual, Customary, and Reasonable Rates (UCR) for the IOP serv