Attention McKesson HBOC, Inc. Shareholders.ATLANTA--(BUSINESS WIRE)--April 29, 1999-- You are hereby notified that Chitwood & Harley filed a securities class action today in the United States District Court for the Northern District of California The United States District Court for the Northern District of California is the Federal district court whose jurisdiction comprises following counties: Alameda, Contra Costa, Del Norte, Humboldt, Lake, Marin, Mendocino, Monterey, Napa, San Benito, San Francisco, San Mateo, Santa on behalf of a class of persons who purchased or otherwise acquired the stock of McKesson HBOC HBOC HBO & Co of Georgia HBOC Hereditary Breast and Ovarian Cancer HBOC Hemoglobin-Based Oxygen Carrier HBOC Hawke's Bay Orienteering Club (New Zealand) HBOC Hunter Bird Observers Club HBOC Horse Breeders and Owners Conference , Inc. ("McKesson" or the "Company") and its predecessors McKesson Corp. and HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy & Company, between October 19, 1998, and April 27, 1999, inclusive (the "Class Period"). The complaint alleges that McKesson and certain of its top officers violated the federal securities laws by issuing false and misleading statements regarding McKesson's business, earnings growth, financial stability and its ability to continue to achieve profitability. The complaint alleges that defendants artificially inflated McKesson's stock price to a Class Period high of $89-3/4 by issuing these false and misleading statements. However, when defendants released the true facts surrounding McKesson's troubled operations, diminished profitability and false financial statements, McKesson's stock plunged to as low as $32 per share. Plaintiffs seek to recover damages on behalf of all those who purchased or otherwise acquired McKesson stock during the Class Period. Plaintiffs are represented by Chitwood & Harley, an Atlanta law firm that concentrates its practice in representing victims of securities fraud and corporate mismanagement mis·man·age tr.v. mis·man·aged, mis·man·ag·ing, mis·man·ag·es To manage badly or carelessly. mis·man  age·ment n. , as well as other complex
litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.When a person begins a civil lawsuit, the person enters into a process called litigation. . The firm has served as lead counsel in several major actions pending in both federal and state courts and has been instrumental in recovering millions of dollars on behalf of investors and shareholders. Any member of the proposed class who wishes to move the court to serve as lead plaintiff of the class must do so no later than June 28, 1999. In order to serve as lead plaintiff, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this notice or your rights with respect to this matter, you may contact Corey D. Holzer, Esq. 888/973-3999 (toll-free), CHITWOOD & HARLEY, 2900 Promenade II Promenade II is a 691-foot (211-meter) tall skyscraper in Midtown Atlanta. It has 40 stories of office space and its construction was completed in 1990. It is currently the seventh-tallest skyscraper in Atlanta. , 1230 Peachtree Street Peachtree Street is the main north-south street of Atlanta, Georgia. The city grew up around this one street, and many of its historical and municipal buildings are or were located along it. , N.E., Atlanta, Georgia 30309. Please visit our website at www.classlaw.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion