This litigation arose from Chesapeake Energy Corporation’s (“Chesapeake”) Chapter 11 filing and subsequent plan of reorganization. Chesapeake was once the second-largest U.S. natural gas producer, but, following declines in oil and gas prices, in November 2019 Chesapeake announced concerns about...

Compass Lexecon Client Anthem Successfully Avoids $1.85 Billion Breakup Fee This multi-year litigation stemmed from the failure of the $54 billion Anthem-Cigna merger in 2017. Anthem argued that Cigna breached its obligations under the merger agreement’s efforts covenants, which required...

Plaintiffs in this litigation claimed that Defendants breached their fiduciary duties by creating the Active Large Cap U.S. Stock Fund and maintaining it as an investment option for Plan participants and as one of the investments underlying the Plan’s target...

On February 26, 2019, the U.S. Court of Appeals rejected the Department of Justice’s appeal of the US District Court’s opinion allowing the merger of AT&T and Time Warner to proceed without conditions. The Department of Justice announced soon thereafter...

Court Relies on Testimony of Compass Lexecon Experts Professor Daniel R. Fischel and Dr. Adel Turki Plaintiffs in this litigation claimed that New York University paid excessive recordkeeping fees and made imprudent investments in its employee retirement plans, thereby failing...