Wellpoint Sues Aetna, Reveals Possible Merger Plans
According to the complaint, the companies entered into the non-hiring agreement in order to evaluate a possible merger of the healthcare businesses of both companies.
However, Wellpoint charges that Aetna hired Ronald Williams, a senior WellPoint executive, to be Aetna’s operations chief in March this year and accuses Aetna of obtaining confidential and proprietary information concerning WellPoint, including its business plan, from Williams.
According to the report, Wellpoint further charges that Aetna has hired or plans to hire more WellPoint employees who worked for Williams at WellPoint. The suit seeks to prevent Aetna from hiring more WellPoint employees and asks for financial damages.
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