SEC, Ex-McKesson Exec Settle Insider Trading Case

Law360, New York (April 15, 2009, 12:00 AM EDT) -- Federal regulators have settled their case against a former executive of health care services provider McKesson Corp. accused of insider trading in connection with the company's purchase of D&K Healthcare Resources Inc. in 2005.

William M. Gallahair has agreed to disgorge $152,068.45 in ill-gotten gains and interest and pay a $120,170.13 civil penalty under the terms of a consent judgment with the U.S. Securities and Exchange Commission.

Gallahair, former vice president of sales for McKesson, has neither admitted nor denied the allegations against him, according to...
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