LOS ANGELES--(BUSINESS WIRE)--Dec. 4, 2018--
Prongay & Murray LLP (“GPM”) reminds investors of the December
26, 2018 deadline to file a lead plaintiff motion in the class
action filed on behalf of investors that purchased McKesson Corporation
(“McKesson” or the “Company”) (NYSE: MCK) securities
between October 24, 2013 and January 25, 2017, inclusive
(the “Class Period”). McKesson investors have until December 26, 2018to
file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here
On January 25, 2017, McKesson announced its financial and operating
results for the third quarter of fiscal year 2017. McKesson advised
investors that its poor financial results were “a result of the generic
pricing actions [McKesson] began to implement late in our second
quarter,” as McKesson’s “prices were ultimately set at a lower level
than our initial expectations that were included in our previous
guidance.” On this news, McKesson’s share price fell $12.55, or nearly
8.3%, to close at $138.55 per share on January 26, 2017, thereby
The complaint filed in this class action alleges that the Company made
false and/or misleading statements and/or failed to disclose that: (1)
McKesson and several of its industry peers colluded to fix the price of
certain generic drugs; (2) the collusive conduct constituted a violation
of federal antitrust laws; (3) consequently, McKesson's revenues during
the Class Period were, in part, the result of illegal conduct and were
therefore unsustainable; (4) McKesson lacked effective internal controls
over financial reporting; and (5) as a result, McKesson's public
statements were materially false and misleading at all relevant times.
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If you purchased shares of McKesson, you may move the Court no later
than December 26, 2018 to ask the Court to appoint you as
lead plaintiff. To be a member of the Class you need not take any action
at this time; you may retain counsel of your choice or take no action
and remain an absent member of the Class. If you wish to learn
more about this action, or if you have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Lesley
Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los
Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by
email to firstname.lastname@example.org,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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Source: Glancy Prongay & Murray LLP
Glancy Prongay and Murray LLP, Los Angeles
310-201-9150 or 888-773-9224