Evanston Police Pension Fund v. McKesson Corporation

Good Law
United States District Court, Northern District of CaliforniaApril 8, 20213:18-cv-06525California291 words

Opinion

Trial Court Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 7 EVANSTON POLICE PENSION FUND, Case No. 18-cv-06525-CRB Plaintiff,

ORDER GRANTING MOTION FOR

v. CLASS CERTIFICATION MCKESSON CORPORATION, et al., Defendants. Plaintiffs move for class certification and define the class as all persons and entities who || acquired McKesson common stock between October 24, 2013 and November 3, 2016. See Mot. || (dkt. 133) at 15. McKesson does not oppose class certification, but argues that the class should a || exclude persons who acquired McKesson stock after January 11, 2016. See Opp. (dkt. 139) at 2. = The Court grants the motion for class certification in full. The Court is unable to conclude Z 18 || on the existing record that the seemingly significant November 3, 2016 disclosures did not cause a 19 || decline in McKesson’s stock price. And McKesson’s price impact arguments are focused on the 20 || causes of subsequent economic losses rather than the…

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