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McKesson Records Show Failed Opioid Oversight, Lawsuit Says

  • Shareholder claims board didn’t audit controls for painkillers
  • Delaware judge unseals summary of confidential board minutes
Bloomberg business news

How America's Opioid Crisis Spiraled Out of Control

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McKesson Corp.’s board failed to audit the company’s system to spot suspicious shipments of opioid-based painkillers even after agreeing to do so as part of a settlement, according to a summary of board minutes unsealed Friday in a shareholder lawsuit.

The suit, filed in October, alleges that McKesson directors paid scant attention to oversight of opioid sales after a 2008 settlement centering on the company’s insufficient monitoring of such shipments. The directors also disclaimed any responsibility for the growing opioid epidemic, seeing it as a “matter of public policy to be addressed by the federal and state governments,” the investor said in another unsealed portion of the complaint.