McKesson Beats Chem Rx Trustee's $10M Clawback Suit

Law360, Wilmington (May 16, 2013, 11:13 PM EDT) -- A Delaware bankruptcy judge on Thursday tossed an adversary suit that sought to claw back nearly $10 million from McKesson Corp., finding nothing improper in payments made to the pharmaceutical product wholesaler by soon-to-be bankrupt pharmacy Chem Rx Corp.

Filed by AP Services LLC, the litigation trustee for Chem Rx, the complaint targeted 64 transfers the pharmacy sent to McKesson in the run-up to its May 2010 bankruptcy, claiming the payments were avoidable because they had been made to settle existing accounts.

But U.S. Bankruptcy Judge...
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