McKesson Agrees To Settle AWP Case For $350M

Law360, New York (November 21, 2008, 12:00 AM EST) -- McKesson Corp. has agreed to pay $350 million to settle all

private-party litigation alleging the pharmaceutical distributor conspired to raise the average wholesale price for thousands of drugs.

The $350 million settlement announced by the company Friday will now be submitted to the court for preliminary approval. Afterward, notices will be sent to the class, and a final approval hearing will be held, both the company and the plaintiffs' counsel noted, predicting that a final approval hearing would be set sometime this summer.

While McKesson has...
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