Cencora, formerly known as AmerisourceBergen, revealed a proposed settlement in a shareholder derivative lawsuit. The company announced the resolution of the case, Lebanon County Employees’ Retirement Fund v. Steven H. Collis et al., which involves a significant financial payout.
The settlement, subject to Delaware‘s Court of Chancery approval, involves a payment of $111,250,000. This sum, after legal fees and taxes, will be transferred to Cencora. The funds will be held in escrow until the court’s decision.
Several Cencora executives are named as defendants in the suit, including Steven H. Collis, Richard W. Gochnauer, Lon R. Greenberg, Jane E. Henney, Kathleen W. Hyle, Michael J. Long, Henry W. McGee, Ornella Barra, D. Mark Durcan, and Chris Zimmerman. These individuals, along with the plaintiffs and a special litigation committee from Cencora, agreed to the settlement terms.
A hearing to approve the settlement is set for November 13, 2025, at the Delaware Court of Chancery in Wilmington. The judge will consider the fairness and adequacy of the settlement for Cencora and its shareholders. The court will also review the proposed attorneys’ fees and any incentive awards for the plaintiffs.
Current Cencora stockholders who still hold shares on the hearing date have the right to object to the settlement. Objections must be submitted in writing by October 29, 2025. Stockholders can attend the hearing, but it is not mandatory. The court may conduct the hearing remotely.
It is important to note that this is a derivative action, meaning the recovery benefits Cencora, not individual shareholders. No direct payments will be made to individual stockholders. There is no proof of claim form required.
For any questions concerning the settlement, stockholders should contact the plaintiffs’ legal counsel. Contact information for the law firms involved, including Bernstein Litowitz Berger & Grossman LLP, Hach Rose Schirripa & Cheverie LLP, Kessler Topaz Meltzer & Check, LLP, and Prickett, Jones & Elliott, P.A., was provided in the official notice. The court should not be contacted regarding this matter. The full notice and supporting documents are available on Cencora’s investor relations website.
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