McKesson 18

Settlement of Evanston Police Pension Fund v. McKesson Corporation, et al.,
No. 3:18-cv-06525-CRB

The parties have reached a settlement of this action, pending in the United States District Court for the Northern District of California.  The settlement provides for the payment of $141 million for the benefit of eligible Class Members.  Lead Plaintiff Pension Trust Fund for Operating Engineers alleged that during the period between October 24, 2013 and October 27, 2016, inclusive, Defendants McKesson Corporation (“McKesson” or the “Company”), John H. Hammergren, and James Beer made materially false and misleading statements concealing that increases in generic drug pricing that contributed to McKesson’s financial success resulted in part from an alleged price-fixing scheme among the Company’s generic drug manufacturing suppliers.

The Class consists of all Persons that purchased or acquired McKesson common stock between October 24, 2013 and October 27, 2016, inclusive.  Excluded from the Class are Defendants and their families, the officers and directors of McKesson during the Class Period, members of their immediate families, and their legal representatives, heirs, successors or assigns, and any entity in which Defendants have or had a controlling interest.  Also excluded from the Class is any Person who timely and validly sought exclusion from the Class.

The settlement was approved by the Court on July 14, 2023.

If you have any questions about the settlement or the litigation, please contact the Shareholder Relations Department at 1-800-449-4900.


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