August 29, 2008 |
McKesson Corp. won dismissal of a proposed class-action lawsuit over claims it inflated wholesale prices of prescription medicines in violation of antitrust laws. The New England Carpenters Health Benefits Fund failed to demonstrate the anticompetitive effects resulting from McKesson's alleged conduct, U.S. District Judge Patti Saris said in Boston.
May 3, 2008 |
McKesson Corp., the largest U.S. drug distributor, agreed to pay $13.3 million to settle government claims over the company's distribution of two often-abused prescription drugs. The agreement with the Drug Enforcement Administration and the Justice Department calls for San Francisco-based McKesson to suspend temporarily the distribution of hydrocodone, a morphine-like drug, and alprazolam, an anti-anxiety drug, from two of the company's 31 distribution centers, the company said.
May 21, 2008 |
The city of San Francisco is suing McKesson Corp. over allegations that the nation's largest prescription drug distributor fixed prices on hundreds of name-brand drugs. The suit alleges that San Francisco-based McKesson artificially hiked the difference between what pharmacies paid wholesalers and charged healthcare plans for the same drugs, costing the city and state hundreds of millions of dollars. McKesson denied the accusations and said it planned to "vigorously defend" itself against the suit.
March 25, 2008 |
McKesson Corp., the biggest U.S. drug distributor, must face a class-action lawsuit over claims that it wrongfully inflated the wholesale price of prescription medicines, causing millions of consumers to pay too much. U.S. District Judge Patti Saris in Boston certified the class action Wednesday, court records show. The class was certified under federal racketeering statutes, meaning that whatever damages may eventually be awarded would be tripled, lawyers said. San Francisco-based McKesson didn't immediately comment.
April 15, 1985
Directors of McKesson and Spectro voted unanimously to merge the two large distributors of drug and health-care products. The agreement calls for McKesson to pay $20 a share for Spectro's common stock for a total of about $161 million. McKesson, based in San Francisco, is a leading distributor of drug and health-care products, wine and spirits, bottled water and chemicals. Spectro is based in Jenkintown, Pa.
December 12, 2001 |
Washington Mutual Inc. agreed to buy some of the assets of National Australia Bank Ltd.'s HomeSide Lending Inc. unit for $1.9 billion to expand its mortgage business. The HomeSide purchase gives Washington Mutual 2 million customers, 2,700 staff and offices in Jacksonville, Fla., and San Antonio. Melbourne-based National Australia will retain HomeSide's troubled mortgage portfolio, although Washington Mutual will provide the services on those loans, such as processing and escrow payments.