Legal Opinion
McKesson HBOC, Inc. v. New York State Common Retirement Fund, Inc.
Court of Appeals for the Ninth Circuit
Decided August 13, 2003No. Nos. 02-15301, 02-16272PublishedCited by 19 opinions
1Opinion of the Court
OPINION
McKEOWN, Circuit Judge.
This case involves a novel securities fraud claim brought under state law. Essentially, McKesson HBOC is suing its own shareholders for unjust enrichment arising from a merger between McKesson and HBO & Company (“HBOC”). McKes-son claims that, the former HBOC shareholders are the beneficiaries of a windfall triggered by alleged accounting improprieties by HBOC. The shareholders, according to McKesson, exchanged artificially inflated shares of HBOC for fully-valued McKesson shares in the merger transaction. McKesson now wants to recover the excess value from the…
2Cases cited17 opinions
- Lee v. City Of Los AngelesCourt of Appeals for the Ninth Circuit · 2001
- E.I. DuPont de Nemours and Co. v. Rhone Poulenc Fiber and Resin Intermediates, S.A.S.Court of Appeals for the Third Circuit · 2001
- WALLACE EX REL. CENCOM v. WoodCourt of Chancery of Delaware · 1999
- Mobil Oil Corporation v. Linear Films, Inc.District Court, D. Delaware · 1989
- Jeffrey Mort Pamela Mort Fred Strefling Jeffrey Tobian v. United StatesCourt of Appeals for the Ninth Circuit · 1996
12 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Kathleen Sonner v. Premier Nutrition Corp.Court of Appeals for the Ninth Circuit · 2020
- Northstar Financial Advisors Inc. v. Schwab InvestmentsCourt of Appeals for the Ninth Circuit · 2015
- In Re Lupron® Marketing & Sales Practices LitigationDistrict Court, D. Massachusetts · 2003
- Riscorp, Inc. v. NormanSupreme Court of Alabama · 2005
- Watkins v. OMNI LIFE SCIENCE, INC.District Court, D. Massachusetts · 2010
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