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Milberg Weiss Announces Extended Class Period in Class Action Suit Against McKesson HBOC Inc.


SAN DIEGO--(BUSINESS WIRE)--May 26, 1999--

On May 25, 1999, 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") (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
) announced that further downward revisions to its previously reported fiscal 1999 results would be required due to information developed through McKesson's continuing audit process.

McKesson announced that additional instances of improper revenue recognition have been found and that it is possible that prior years' results of the company's Information Technology Business may also require restatement Restatement

A revision in a company's earlier financial statements.

Notes:
The need for restating financial figures can result from fraud, misrepresentation, or a simple clerical error.
.

Milberg Weiss Founded in 1965 by attorneys Larry Milberg and Melvyn I. Weiss, Milberg Weiss (formerly known as Milberg Weiss & Bershad LLP) is a U.S. plaintiffs' law firm. Based in New York City, it is widely known for representing investors in securities class actions.  (http://www.milberg.com) announces that a class action entitled Liberatore, et al. v. McKesson HBOC Inc., et al., Case No. C-99-20481-JF, was filed 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  against McKesson and certain of its officers and directors for violations of the Securities Exchange Act of 1934, on behalf of the following: -0-

     -- purchasers of the common stock of McKesson HBOC Inc.
        ("McKesson") (NYSE:MCK) between Jan. 12, 1999 and May 24,
        1999, inclusive;

     -- purchasers of the common stock of McKesson between Oct. 19,
        1998 and Jan. 12, 1999, inclusive;

     -- purchasers of the common stock of HBOC Inc. (HBOC) between
        Oct. 19, 1998 and Jan. 12, 1999, inclusive;

     -- the former stockholders of US Servis ("Servis") who exchanged
        their Servis shares for the common stock of HBOC;

     -- the former stockholders of IMNET Systems Inc. ("IMNET") who
        exchanged their IMNET shares for the common stock of HBOC; and

     -- the former stockholders of Access Health Inc. ("Access") who
        exchanged their Access shares for the common stock of HBOC.


If you are described above, and wish to serve as lead plaintiff, you must move the court no later than 60 days from April 28, 1999. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiffs' counsel, William Lerach William Shannon Lerach (Bill Lerach) (b. 1946, Ohio River Valley,[1] Midwestern United States) is an American lawyer who specialized in class action lawsuits. He has been a major financial donor to Democratic Party organizations at the state and national level. , Alan Schulman or Darren Robbins of Milberg Weiss at 800/449-4900, via e-mail at wsl@mwbhl.com.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:May 26, 1999
Words:314
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