Aetna-Humana merger lawsuit to begin Monday

Aetna-Humana merger lawsuit to begin Monday

LOUISVILLE, KY (WAVE) - Humana and Aetna will have their day in court Monday, as lawyers representing the healthcare insurance giants will defend their potential $37 billion merger in an anti-trust lawsuit.

Update: Both companies have filed paperwork with the Securities & Exchange Commission to extend their merger deadline to February 15 of next year.

The U.S. Justice Department sued in July to block the merger on fears it will create a monopoly in the Medicare Advantage market.

Both sides have submitted pretrial documents ahead of Monday's trial, according to multiple reports.

The proposed merger made big news around town when it was first announced last year, prompting a closely-watched news conference at which Louisville Mayor Greg Fischer expressed his optimism about potential job growth in the city.

On a separate note, the Justice Department is embroiled in a second healthcare anti-trust suit, this one a proposed $54 billion merger between Anthem and Cigna.

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