MCK.US
id: 539, Created by Stan Vick Chase, Scout
McKesson Corporation (MCK) $141 MM Investors Settlement
How it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
Claim deadline for this case already passed by, but we can still try and file for compensation for you
Claim payout
N.D. California
Court18-CV-06525
Case number24 Oct 2013
Class period Start25 Jan 2017
Class period End10 May 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.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Filing date
25 October 2018
Lead plaintiff
Trust Fund for Operating Engineers
Attorney
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
02 June 2023
Exclusion deadline
12 May 2023
Objection deadline
12 May 2023
+$141,000,000
Total Settlement Amount