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McKesson (MCK) will pay $190M to settle government allegations that the drug distribution giant...

McKesson (MCK) will pay $190M to settle government allegations that the drug distribution giant improperly inflated drug prices that led to overbilling the Medicaid system. The company still denies the charges, but says it weighed the its convictions against the uncertainty of litigation, and determined a settlement was in the best interests of all involved.
Comments (2)
  • WMARKW
    , contributor
    Comments (10454) | Send Message
     
    Who gets the $190 million?
    26 Apr 2012, 11:27 PM Reply Like
  • Paul Price
    , contributor
    Comments (1508) | Send Message
     
    An extortion of $190 MM of shareholder money to avoid the "uncertainty and cost of litigation".

     

    Two sets of lawyers bill all the hours they can before settling so that neither law firm can ever lose.

     

    Unfortunately this is now happening every day. A major suit has now been threatened against Google by our government.

     

    Each time this happens management is forced to divert productive time and assets towards legal issues rather than producing wealth. 

     

    Is this good for America?
    27 Apr 2012, 05:52 AM Reply Like
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