McKesson Corporation
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | McKesson Corporation |
Stock Symbol : | NYSE: MCK |
Class Period Start: | 10/24/2013 |
Class Period End: | 01/25/2018 |
Lead Plaintiff motion: | 12/26/2018 |
Date Filed: | 10/25/2018 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the December 26, 2018 lead plaintiff deadline in a class action lawsuit filed against McKesson Corporation (NYSE: MCK) (“McKesson” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased McKesson Corporation securities between October 24, 2013 and January 25, 2017, have until December 26, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased McKesson Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that McKesson and several of its industry peers colluded to fix the price of certain generic drugs; the collusive conduct constituted a violation of federal antitrust laws; consequently, McKesson’s revenues during the Class Period were, in part, the result of illegal conduct and were therefore unsustainable; McKesson lacked effective internal controls over financial reporting. On January 25, 2017, the Company reported an Adjusted Earnings per diluted share of $3.05, down 4% from the same period in the prior year, and further reported lower-than-expected North American Pharmaceutical Distribution and Services business unit revenue of $41.7 billion. The Company informed investors that its disappointing 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.” Following this news, NYSE: MCK fell $12.55 per share, or roughly 8.3%, to close at $138.55 per share on January 26, 2017. If you were negatively impacted by your investment in McKesson Corporation securities between October 24, 2013 and January 25, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Materials are provided for informational purposes only and do not constitute legal advice. We are only licensed to practice law in Germany. We are neither licensed nor qualified to render advice on US Federal or State law. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |