Judge OKs McKesson’s $960-Million Settlement

McKesson Corp. won approval for a $960-million settlement with shareholders who sued over an earnings restatement after the company acquired HBO & Co. in Atlanta.

U.S. District Judge Ronald Whyte in San Jose approved the settlement. The 1999 restatement led to a one-day drop in the San Francisco company’s stock that wiped out $8.6 billion in market value.