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MCK.US
id: 539
McKesson Corporation (MCK) $141 MM Investors Settlement
The settlement funds have been distributed to claimants.
$141,000,000
Cash SettlementN.D. California
Court18-CV-06525
Case number10/24/2013
Class period Start01/25/2017
Class period End05/10/2023
Claim deadlineMcKesson Corporation (MCK) agreed to pay up to $141 million to settle a securities class action lawsuit to avoid further litigation.
The complaint alleged that the Company and its Leaders made false and/or misleading statements and/or failed to disclose that:
- McKesson and several of its industry peers colluded to fix the price of certain generic drugs;
- the collusive conduct constituted a violation of federal antitrust laws;
- consequently, McKesson’s revenues were, in part, the result of illegal conduct and were therefore unsustainable;
- McKesson lacked effective internal controls over financial reporting.
Case Type
US Securities Class Action
Case Status
Disbursed
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Filing date
10/25/2018
Plaintiffs
Trust Fund for Operating Engineers
Attorneys
Robbins Geller Rudman & Dowd LLP (San Diego, CA)
Defendants
John H. Hammergren, James Beer
Judge
Hon. Charles R. Breyer
Administrator
Gilardi & Co LLC
Court hearing date
06/02/2023
Exclusion deadline
05/12/2023
Objection deadline
05/12/2023
Trades matching type
FIFO
Disbursement date
11/20/2024
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