If the merger falls through, Anthem would be in line to recover 'big damages' from Cigna over its failure to use its best efforts to get the combination done.
The new director positions, filled by Leucadia designees, give public shareholders less of a voice on Harbingers direction and amount to a misuse of corporate assets, the Massachusetts-based pension fund said in yesterdays complaint.
The Louisiana Municipal Police Employees Retirement System, which holds Hershey shares, sued last year seeking access to the companys records about cocoa purchases from West African suppliers who dont comply with international child- labor restrictions.
The complaint comes as the SEC weighs a proposal to require corporations to disclose how much more their chief executives earn than rank-and-file employees.
Rhode Island officials and union leaders said they reached a deal to settle challenges to public pension-overhaul laws aimed at strengthening one of the U.S.s most underfunded retirement programs.