Ending more than 17 weeks of deliberation, federal Judge Martin Jenkins on Monday acquitted former McKesson CFO Richard Hawkins on all counts of securities fraud after finding not credible executives and other witnesses who testified for the prosecution. Hawkins was indicted in connection with a stock scandal that resulted in $9 billion in investor losses. The case against Hawkins is part of a larger prosecution strategy that now could be derailed by Jenkins' 37-page ruling.
McKesson CFO Found Not Guilty on All Counts
July 12, 2005