NU Online News Service, June 11, 2004, 3:15 p.m. EDT – Aetna Inc., Hartford, and CIGNA Corp., Philadelphia, say the New York attorney general has sent them subpoenas regarding the issue of broker compensation.[@@]
“The subpoena is part of an industrywide inquiry that began earlier this year,” Aetna says in a statement about the subpoena. “The company intends to cooperate fully with the attorney general’s inquiry.”
CIGNA also confirmed that it has received a subpoena. “We are cooperating with the attorney general’s office,” CIGNA spokesman Wendell Potter says.
A subpoena is a notice that requires the recipient to supply information or to appear to testify in court.