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Member, Beacon International Group, Ltd.
The Massachusetts Laborers’ Annuity Fund has filed a lawsuit against Cigna Corp. chief executive officer David Cordani and its board for allegedly using “black-ops style” tactics in a secret campaign to ruin a $48 billion merger with rival insurer Anthem Inc., Bloomberg Quint reports. The pension fund alleges that Mr. Cordani sought to “poison” the deal after failing to secure the top post in the merged company and is seeking unspecified damages to be returned to the company on behalf of all Cigna investors.