McKesson Settles Derivative Suit Over DOJ Fine For $175M

Law360 (April 22, 2020, 2:21 PM EDT) -- McKesson Corp. directors will pay $175 million to resolve a derivative action accusing the pharmaceutical distributor’s board of failing to enforce a compliance program to catch suspicious orders of opioids, leading to a hefty fine from the U.S. Department of Justice, under a deal approved Wednesday.

The deal approved by a California federal judge provides a cash settlement to the company and calls for significant corporate governance reforms aimed at preventing the recurrence of compliance failures like the ones that led to the suit in the first place.

“The court … finds that the settlement is, in all respects, fair, reasonable,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!