Ex-McKesson Chairman To Pay $2M In SEC Deal

Law360, New York (May 19, 2010, 11:33 AM EDT) -- Former McKesson Corp. chairman Charles W. McCall has agreed to pay $1.9 million to settle the U.S. Securities and Exchange Commission's lawsuit over his involvement in a $9 billion accounting scandal at the health care firm.

Judge William Alsup of the U.S. District Court for the Northern District of California approved a final consent judgment Tuesday that requires McCall to disgorge $1.4 million and pay prejudgment interest of $512,138.

McCall consented to the final judgment, which includes an injunction against future securities law violations, without admitting...
To view the full article, register now.