Girard & Green, LLP Announces Filing of Class Action Lawsuit On Behalf of Short Sellers of Hbo & Co. Common Stock.SAN FRANCISCO--(BUSINESS WIRE)--July 19, 1999-- Girard & Green, LLP LLP - Lower Layer Protocol today announced that on June 28, 1999, it filed a class action entitled, Senvest International LLC and Senvest Master Fund L.P. v. 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., Case No. C-99-3126-SC, 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 , San Francisco Division. The complaint in this case was filed on behalf of a class consisting of all persons and entities who sold short shares of HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy & Co. and covered such short positions by buying shares of HBO & Co. between January 13, 1998 through January 12, 1999. The complaint charges that McKesson HBOC and certain of its current or former officers and directors, including Mark A. Pulido, Richard H. Hawkins, Charles W. McCall, Jay Gilbertson and Albert Bergonzi, violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Securities and Exchange Commission Rule 10b-5 thereunder, by engaging in a fraudulent scheme and course of conduct whereby they improperly and prematurely recognized revenue on software sales in violation of generally accepted accounting principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting . Also on June 28, 1999, Plaintiffs in this case filed a motion to seek lead-plaintiff status on behalf of the foregoing class for such claims. June 28, 1999 was the last day to file motions seeking lead-plaintiff status on behalf of HBO & Co. shareholders and purchasers or on behalf of McKesson and McKesson HBOC shareholders and purchasers in other securities 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. related to this case. A hearing is scheduled for August 25, 1999 to determine the lead plaintiff(s) in the litigation. Papers responsive to the lead-plaintiff motions are due on August 4, 1999. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Plaintiffs' counsel, Robert Green, at 415-981-4800 or via e-mail at rsg@classcounsel.com. |
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