McKesson 8-K 2006
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Item 8.01 Other Events.
McKesson Corporation (the "Company") today reported that on January 18, 2006, in the previously disclosed action brought against the Company by Bear Stearns & Co. Inc., the Supreme Court for the State and County of New York issued a ruling denying Bear Stearns’ petition for an injunction which sought to prohibit the Company from performing under its proposed settlement agreement in the consolidated securities class action, In re McKesson HBOC, Inc. Securities Litigation, No. C99-20743 RMW (the "Class Action"). Bear Stearns’ state court action involves allegations that the Company’s entry into the settlement of the Class Action, without providing a full release of class plaintiffs’ claims against Bear Stearns, constitutes a breach of the engagement letter under which Bear Stearns advised the Company in connection with its January 1999 acquisition of HBO & Company.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.