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In a long-awaited opinion, Austin's 3rd Court of Appeals has held that Blue Cross Blue Shield of Texas is not a common-law charity whose assets should benefit Texans. Because of the panel's decision affirming a 1998 ruling, the insurance company will not have to pay a multimillion-dollar settlement that it negotiated with the state after officials questioned a planned merger.
August 06, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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