The Delaware Court of Chancery, in In re Anthem-Cigna Merger Litigation, C.A. No. 2017-0114-JTL (consol.), memo. op. (Del. Ch. Aug. 31, 2020), found, in a post-trial ruling, that neither party to a failed merger established entitlement to damages for breaches of “efforts” obligations under the merger agreement, or entitlement to a termination fee.

NEW:  Cahill Gordon discusses the decision in Cigna : Delaware Court Of Chancery Denies Damages After Collapse Of Proposed $54 Billion Merger.

Shearman & Sterling discusses the decision in Delaware Court of Chancery Denies Billion-Dollar Damages in Cigna-Anthem Row.

Fried Frank discusses the decision in Lessons from Anthem-Cigna, Including Avoiding the Result of No Damages for Clear Breaches of a Merger Agreement.

Richards, Layton, & Finger discusses the decision in Delaware Court of Chancery Finds Neither Cigna nor Anthem Entitled to Damages in Connection with Their Terminated Merger Agreement

Anne Sherry discusses the decision in Neither side gets damages in failed Anthem/Cigna merger.

$$$ Law360 discusses the decision in Anthem Accused Of Bogus Defense Of $99M Escrow Holdback.

$$$ Law360 discusses the decision in  3 Lessons From The Failed $54B Cigna-Anthem Merger.

DealLawyers.com discusses the decision in Anthem-Cigna: Chancery (Eventually) Says -“You’ll Get Nothing & Like It!”

ThinkAdvisor discusses the decision in Judge Rules Anthem, Cigna Can’t Recover Damages Over Failed Merger.

Inside Indiana Business discusses the decision in Judge Rules No Damages in Anthem-Cigna Suit.