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17 Feb, 2008 10:30 pm
... 15, 2008 A partial decision is in from the U.S. District Court of Connecticut on Amara v. CIGNA Corp., No. 3:01CV2361 (D. Ct. Feb. 15, 2008), the class action case arising out of CIGNA's conversion of their
traditional defined benefit plan into a cash balance plan ... to plan for their retirement and to make decisions of profound importance for their lives. This is where CIGNA failed to fulfill its obligations; the company did not provide its employees with the information they needed ...
12 Jan 3:21 pm
The family of a 17-year-old leukemia patient who died in 2007 while waiting for a liver transplant is suing CIGNA Corp. for wrongful death. Nataline Sarkisyan's family says the insurance company's initial refusal to pay for ... too late. She died within hours after the
insurer agreed to pay for the transplant. In their complaint, the plaintiffs are accusing Cigna of unfair business practices, breach of
contract, delaying and rejecting legitimate claims, and purposely inflicting emotional distress. ...
18 Feb, 2008 2:40 pm
My post from last Friday's ERISA decision in Amara v. CIGNA Corp. has drawn quite a bit of interest.
Since my post over the holiday weekend (from vacation) was intended merely as a brief summary until this week, it has drawn sufficient attention that ... additional quote from Judge
Kravitz bears review too: Finally and importantly, the Court agrees with CIGNA that what Plaintiffs see as age discrimination is merely the
transition from one plan that was heavily age-favored to another ...
11 Feb 1:00 pm
The Dallas Morning News reports that the American Medical Association has joined doctors associations from Texas and other states in suing health insurers Aetna Inc. and Cigna Corp. over a database they say was rigged to underpay physicians for more than a decade. ... led to skewed
data, which lowered the reimbursement doctors received. "It's time for Aetna and Cigna to stop this unethical business practice that shocks our
patients with unexpectedly high bills for health ...
10 Dec, 2006 7:50 pm
A proposed settlement has been reached in a class action lawsuit against Cigna Corp., filed in 2002
and scheduled to go to trial in March 2007 in the United States District Court in Philadelphia. The lawsuit ... a computer problem that allegedly cost the company one-third of its
customers as a result of major problems in the handling of insurance claims. Cigna allegedly hid the problems from investors, and the stock
plunged when word of the computer problems hit the street. Defense attorneys and ...
18 Dec, 2006 6:42 pm
CIGNA Corp. (NYSE: CI), a Philadelphia-based employee benefits provider, last week announced the
preliminary settlement of the securities class action pending against the company in the E.D. of Pa. The case, which was filed in 2002 and scheduled for trial...
3 Apr 5:10 am
... s legal department since 2000, tapped into the Federal Deposit Insurance Corp.'s new Temporary Liquidity Guarantee Program, allowing the
farm equipment manufacturer ... her current role as executive vice president and general counsel at insurer Cigna Corp., where she handles litigation matters, regulatory compliance, corporate governance compliance ... compliance and regulatory issues. William A. Von Hoene
Jr., 55, Exelon Corp. As executive vice president and general counsel of one of the nation's largest ...
17 Feb, 2008 5:00 pm
... Judge Mark Kravitz has issued a fascinating and thorough decision, Amara v. CIGNA Corp. et al
analyzing one company's change in 1998 from a traditional defined ... defined benefit plan before January 1, 1998 and have participated in CIGNA's cash balance plan since that time. Plaintiffs and Defendants raise ... gave the notices and other disclosures required by ERISA; and whether the
information CIGNA provided its employees about the conversion and the cash balance plan in summary plan descriptions and ...
27 Dec, 2007 7:06 am
... year-old girl from California who had leukemia and needed a liver transplant was denied the transplant by Cigna Corp., her health insurance company. Cigna denied payment for the liver transplant claiming that it was
"experimental". The local community lashed out at Cigna's initial ... profits over public safety. This poor girl's parents have probably been
paying monthly premiums into Cigna for years so that she could have adequate medical care. To me, the tell-tale sign that this insurance
company's ...
22 Dec, 2007 7:17 am
... a novel legal theory for pressing criminal charges against insurance companies: The family of a 17-year-old leukemia patient blamed Cigna
Corp. on Friday for her death, saying the health insurance giant's initial refusal to pay for a liver transplant ... . [The family's attorney]
said he would ask the district attorney's office to press murder or manslaughter charges against Cigna, an allegation that one legal expert
described as difficult to prove and "a little bit of grandstanding." In a Dec. 11 ...
23 Dec, 2008 7:00 pm
... board of directors at five: CV Therapeutics, Inc.; KEMET Corporation; MGIC Investment Corp.; UTStarcom, Inc.; and BearingPoint, Inc. A
proposal that sought the adoption of a policy to allow ... report was adopted by six companies: Allegheny Technologies; Capital One Financial Corp.; CIGNA Corp.; Hartford Financial Services Group, Inc.; Dillard's,
Inc.; and ... 24.4 percent to 32.1 percent; and at Union Pacific Corp., from 29.0 percent to 35.4 percent. In addition to Comptroller Thompson,
trustees serving ...
18 Jul, 2007 1:02 am
... addresses objections voiced by government lawyers and amicus groups across the spectrum. Federal Judge Approves $93 Million CIGNA
Securities Settlement The Legal Intelligencer A federal judge has granted final approval of a $93 million settlement in a securities fraud suit against CIGNA Corp. that accused the company of hiding the fact that it was experiencing significant problems in an overhaul
of its computer systems and that its stock price had ...
24 Mar 5:22 am
... and retail. Large companies that have recently reported law department layoffs include: AIG Cigna Corp. eLoyalty Corp. General Electric Co. General Motors Home Depot Hyatt Corp. Intel Microsoft Merrill Lynch & Co. Motorola Inc. Sprint Nextel Time Warner Inc. Yahoo! Inc ... over the past six months. Companies mentioned in the
article included: Creative Labs eBay Symantec Corp. Cadence Design Systems Inc. Who Is More Likely to Be Given The Axe? The majority of U.S.
companies have ...
12 May 3:34 am
... . Reported law department layoffs (reported by companies or tipsters) include: AIG Bank of America Cigna Corp. Creative Labs Cadence Design Systems Inc. Chrysler Motors Citibank Group CV Therapeutics Deutsche Bank eBay eLoyalty Corp. Ford Motors General Electric Co. General Motors Genentech Home Depot Hyatt Corp. ... Co. Motorola Inc.
Schering-Plough Sony Electronics Sprint Nextel Sun Microsystems Symantec Corp. Time Warner Inc. Yahoo! Inc. Wachovia Washington Mutual Wells
Fargo Wyeth Mergers, ...
26 Mar 4:57 am
... costs. U.S. companies, both large and small and across varied industries, are dismissing attorneys as they retool their law departments to cut costs and adapt to slowing U.S.
economic activity. Hyatt Corp., Cigna Corp., General
Electric Co., eLoyalty Corp., Motorola Inc., Merrill Lynch & Co. and Yahoo! Inc. are among those that have reduced the number of attorneys
in their law departments during the past year as their companies seek ...
27 Aug 5:03 pm
... for another person do not constitute the material misrepresentation of a presently existing or past fact. Ocean Cape Hotel Corp. v.
Mesefield Corp., 63 N.J. Super. 369, 380 (App. Div. 1960) ("the alleged fraudulent representation ... 391-92 (1950) ("to be actionable, fraud
must relate to a present or pre-existing fact and cannot ordinarily be predicated on representations which involve things to be done in the future"); Alexander v. CIGNA Corp., 991 F. Supp. 427, 435 (D.N.J. 1997), aff'd. 172 F.3d ...
16 Sep 11:02 am
... Chair/ CEO, Aetna Inc., $23,045,834 * H. Edward Hanway, Chair/ CEO, Cigna Corp, $30.16 million *
David B. Snow, Jr, Chair/ CEO, Medco Health, ... Blue Shield of Massachusetts, $3.6 million * Raymond McCaskey, CEO, Health Care Service Corp
(Blue Cross Blue Shield), $10.3 million * Daniel P. McCartney, CEO, Healthcare ... CEO, WellCare Health Plans, $5,270,825 * Michael F. Neidorff, CEO, Centene Corp, $8,750,751 With that, the Young Turks: The Service Employees International Union "SEIU" initially reported ...
12 Dec, 2007 12:42 am
Per Dieffenbach v. Cigna Corp., Slip Copy, 2007 WL 4275502 (E.D. Pa. Dec. 04, 2007): The question of
the applicability of Rule 11 in a removal case where the defendant seeks sanctions for the filing of a state court complaint is an unresolved one in ... .3d 770 (5th Cir.2000); Herron
v. Jupiter Transportation Co., 858 F.2d 332, (6th Cir.1988); Kirby v. Allegheny Beverage Corp., 811 F.2d 253 (4th Cir.1987); Stiefvater Real
Estate, Inc. v. Hinsdale, 812 F.2d 805 (2d Cir.1987). ...
13 Dec, 2007 4:53 am
Per Dieffenbach v. Cigna Corp., Slip Copy, 2007 WL 4275502 (E.D. Pa. Dec. 04, 2007): The question of
the applicability of Rule 11 in a removal case where the defendant seeks sanctions for the filing of a state court complaint is an unresolved one in ... .3d 770 (5th Cir.2000); Herron
v. Jupiter Transportation Co., 858 F.2d 332, (6th Cir.1988); Kirby v. Allegheny Beverage Corp., 811 F.2d 253 (4th Cir.1987); Stiefvater Real
Estate, Inc. v. Hinsdale, 812 F.2d 805 (2d Cir.1987). ...
11 Jun, 2004 7:16 am
Broadening an investigation into the possible improper payment of fees to insurance brokers, New York Attorney General Eliot Spitzer today issued subpoenas to Aetna Inc. and
Cigna Corp. The companies said that they would comply fully in the requests for information about
their compensation agreements. Similar subpoeans were issued earlier to Chubb Corp., Hartford Financial Services Group Inc.,
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