SAN DIEGO, Nov. 8, 2019 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential
claims on behalf of McKesson Corporation (NYSE:
MCK) ("McKesson" or the "Company") against certain of its
officers and directors.
Recently, a class action lawsuit pending in the United States District Court for the
Northern District of California
against McKesson and certain of its executives survived
Defendants' attempts to have the case dismissed. The case
arises out of whether McKesson and certain of its executives made
materially false and misleading statements and omissions regarding
the Company's financial performance and its generics
business. Specifically, the class action lawsuit alleges that
defendants: (1) falsely attributed generic drug price inflation to
nonexistent supply disruptions; (2) falsely represented that
McKesson was negotiating competitive prices for certain of its
customers; (3) concealed that a generic manufacturing subsidiary of
the Company was part of an overarching generic pharmaceutical
price-fixing conspiracy that is the focus of federal and state
investigations; and (4) failed to disclose that the Company's
financial results during the period between October 23, 2013 and January 25, 2017 ("Class Period"), were
positively impacted by, and heavily reliant upon, collusive
profits. As a result of the forgoing, the class action
alleges, McKesson stock traded at artificially inflated prices
during the Class Period.
If you are a current, long-term shareholder of McKesson stock,
you may have standing to hold McKesson harmless from the alleged
harm caused by the officers and directors of the Company by making
them personally responsible. You may also be able to assist
in reforming the Company's corporate governance to prevent future
wrongdoing.
If you are interested in learning more about the investigation,
please contact Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If you email,
please include your phone number.
Additionally, if you are a current, long-term holder of
McKesson stock, you can [Click here to join this action].
There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York, and Georgia. The firm represents individual
and institutional investors in shareholder derivative and
securities class action lawsuits. For more information about
the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past
results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
View original
content:http://www.prnewswire.com/news-releases/mckesson-mck-alert-johnson-fistel-announces-shareholder-class-action-against-mckesson-corporation-survives-motion-to-dismiss-should-management-be-held-accountable-for-investors-losses-300954895.html
SOURCE Johnson Fistel, LLP