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...
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.