One Good Trend, One Good Bar, One Good Volume - The Secret to Trading Successfully!
Phillip Capital's Top Tier Trader and Remisier.
Robin Ho is also a certified SGX Academy Professional Trainer.
Thursday, December 19, 2019
McKesson - Legal Troubles
Pharmaceutical distributor McKesson (NYSE: MCK) remains in the spotlight for its role in the opioid epidemic. Earlier this month, McKesson agreed to settle a lawsuit with the state of West Virginia for $37 million. The lawsuit claimed that the company flooded the market with highly addictive narcotics and misled the public. This is just one of a multitude of settlements we expect McKesson to pay going forward. McKesson estimates opioid litigation alone will cost it $100 million in 2019 and $150 million per year starting in 2020. This litigation will only grow from here. First posted on Facebook https://www.facebook.com/groups/rhosignals/
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