Cigna Corp.

Preliminary approval has been granted to the $540 million dollar settlement in the class action lawsuit filed on behalf of the nation's 700,000 doctors, claiming that Cigna had chronically skimped on doctor's payments. The settlement includes $400 million to be spent on internal changes, as well as at least $70 million for payments to doctors for claims up to 12 years old. The settlement also allows for $55 million to be paid in attorneys' fees and $15 million for creating a health care foundation. The final approval hearing will be held on December 18, 2003. (Sep-04-03) [PRESS RELEASE]