$175 Million Settlement Plus Corporate Governance Reforms Approved in Action Brought by G&E Against McKesson Corp., One of the Largest Derivative Case Settlements in History

Settlement of the derivative action brought by G&E on behalf McKesson Corporation shareholders against the company’s current and former officers and directors has been approved in the U.S. District Court, Northern District of California. The $175 million settlement amounts to one of the largest derivative case settlements in history. In addition to the monetary recovery, the settlement provides for governance reforms designed to improve Board oversight and fix compliance failures at McKesson.

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