Two former McKesson Corp. executives were acquitted on one count each of federal securities fraud, and a mistrial was declared on six other counts related to an accounting scandal at the company. Charles McCall, a former McKesson Corp. chairman, was charged with fabricating revenue and then trying to cover up a conspiracy to inflate profits in connection with the companys 1999 merger with software-maker HBO & Co. Jay Lapine, former general counsel at HBO & Co., faced similar charges. Through their attorneys, both defendants declined comment. Four other executives of the combined company, now the nations largest pharmaceutical distributor, have been convicted in the case. McCall had been HBO & Co.s chairman until the company was sold to McKesson in January 1999. He briefly became chairman of the combined entity, which retained the McKesson name, but was fired after the accounting scheme was uncovered. Lapine briefly kept his job as general counsel after the merger, but was later fired. -- by the Associated Press
Acquittals, mistrial in McKesson case
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