Evanston Police Pension Fund v. McKesson Corporation

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. PARTIAL SUMMARY JUDGMENT

MCKESSON CORPORATION, et al., Defendants.

Plaintiffs in this class action, led by the Evanston Police Pension Fund (the Pension Fund), are suing McKesson Corporation and two McKesson executives (collectively, McKesson) for securities fraud. The Pension Fund alleges that McKesson was aware that a price-fixing conspiracy among generic drug manufacturers had increased its profits, but it misled investors by instead attributing the company’s improved performance to other factors. The Fund alleges that investors lost money when the truth came to light. The Court permitted the suit to go forward with respect to corrective disclosures on January 11, 2016 and November 3, 2016. The Court certified a class consisting of all persons and entities that acquired McKesson common stock from October 24, 2013 through…