Court OKs Ex-McKesson HBOC GC's Deal With SEC

Law360, New York (March 1, 2010, 6:16 PM EST) -- The judge overseeing the U.S. Securities and Exchange Commission's case against former McKesson HBOC Inc. general counsel Jay Lapine — who found himself in authorities' cross-hairs in the wake of a $9 billion accounting scandal — has signed off on a settlement that calls for Lapine to cough up a $60,000 civil penalty.

Judge William Alsup of the U.S. District Court for the Northern District of California signed off on a final judgment in the case on Monday. Lapine didn't admit or deny the SEC's allegations...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.