9th Circ. Denies Dismissal To HBOC Fraud Defendants

Law360, New York (November 4, 2008, 12:00 AM EST) -- Two former executives of health care software firm HBO & Co. may have to stand a second trial for securities fraud charges related to the company’s 1999 merger with pharmaceutical distributor McKesson Corp., following a recent appeals court ruling.

The U.S. Court of Appeals for the Ninth Circuit affirmed on Friday a ruling in the U.S. District Court for the Northern District of California, denying dismissals of securities fraud charges against former HBOC executives Charles W. McCall and Jay M. Lapine.

McCall and Lapine were charged...
To view the full article, register now.