Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against McKesson
Corporation
Glancy 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, 2018 to file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here
to participate.
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 injuring investors.
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 shareholders@glancylaw.com, 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.
Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
www.glancylaw.com
shareholders@glancylaw.com
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