Beatie and Osborn LLP Files Lawsuit Against McKesson HBOC, Inc.NEW YORK--(BUSINESS WIRE)--April 29, 1999-- The following was released by Beatie and Osborn LLP LLP - Lower Layer Protocol : ATTENTION: If you were a shareholder of McKesson Corporation or 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. (NYSE NYSE See: New York Stock Exchange :MCK MCK McKinsey & Company (consulting firm) MCK Mohawk Council of Kahnawake (Quebec) MCK Mon Colle Knights (children's TV show) MCK Mirror Classes Kit MCK Maintenance Check ) between October 18, 1998 and April 27, 1999 or have purchased call options or sold put options during this period, YOU HAVE UNTIL JUNE 28, 1999 TO RESPOND TO THIS NOTICE. On April 28, 1999 a lawsuit was commenced 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 all persons (the "Class") who purchased or otherwise acquired securities of McKesson between October 18, 1998 and April 27, 1999 (the "Class Period"). The Class also includes purchasers of call options and sellers of put options. The Complaint names McKesson and certain of its officers for violations of the Securities Exchange Act of 1934. Specifically, the Complaint alleges that defendants issued a series of materially false and misleading financial statements regarding the Company causing McKesson's shares to be inflated artificially during the Class Period. On April 28, 1999, McKesson announced that due to the improper recognition of revenue from its software sales it would have to restate re·state tr.v. re·stat·ed, re·stat·ing, re·states To state again or in a new form. See Synonyms at repeat. re·state earnings for its fourth quarter and year end. Consequently, the price of McKesson's shares dropped by almost 50% for the day to close at 34 1/2 per share. If you are a member of the Class who purchased McKesson shares or engaged in options trading during the Class Period and incurred damages as a result of defendants' alleged misconduct, you may, no later than June 28, 1999 seek to participate in this action as a lead plaintiff. In order to serve as a lead plaintiff, however, you must meet certain legal requirements. A copy of the Complaint filed with the Court detailing the above-described allegations, as well as documents necessary to participate as a lead plaintiff, are available via e-mail or fax by contacting Beatie and Osborn LLP. If you have questions concerning your rights or interests with respect to this matter please contact: Eduard Korsinsky, Esq. & Ben Coleman For the football player of the same name see Ben Coleman (football player). Benjamin (Ben) Coleman (born November 14 1961, in Minneapolis, U.S.) is an American former professional basketball player in the NBA. Beatie and Osborn LLP 599 Lexington Avenue, 42nd Floor Toll Free: 800-891-6305 Telephone: 212-888-9000 Fax: 212-888-9664 E-mail: bandolaw@aol.com |
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