Jorling v. Anthem, Inc.

ENTRY ON DEFENDANTS’ MOTION FOR SUMMARY JUDGMENT

TANYA WALTON PRATT, District Judge.

This matter is before the Court on Defendants’ Motion For Summary Judgment.1 This class action lawsuit arises out of the demutualization of Anthem Insur*823anee Companies, Ine. (“Anthem”), a transaction which involved two steps. First, Anthem’s members liquidated their ownership interest in the mutual company in exchange for either stock or cash. Second, Anthem transformed into a publicly-traded company through an initial public offering (¡¡IPO”) 0f shares in Anthem, Inc. (Anthem’s new parent company). Notably,…