Glancy Prongay & Murray LLP Announces Investigation on Behalf of McKesson Corporation Investors (MCK)

Nov 29, 2018 08:32 pm

LOS ANGELES --

Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of McKesson Corporation(“McKesson” or the “Company”) (NYSE: MCK) concerning the Company and its officers’ possible violations of federal securities laws.

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The investigation concerns whether McKesson and certain of its officers and/or directors have violated federal securities laws. On January 25, 2017, McKesson announced its financial and operating results for the third quarter of fiscal year 2017. McKesson advised investors that its poor 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.” On this news, shares of McKesson fell $12.55 per share, or nearly 8.3%, to close at $138.55 per share on January 26, 2017, thereby injuring investors.

If you purchased McKesson securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181129005878/en/

Glancy Prongay and Murray LLP, Los Angeles
Lesley Portnoy, 310-201-9150 or 888-773-9224
www.glancylaw.com
[email protected]

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Glancy Prongay & Murray LLP Announces Investigation on Behalf of McKesson Corporation Investors (MCK)