INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of McKesson Corporation Investors (MCK)
BENSALEM, Pa.--(BUSINESS WIRE)--Nov 26, 2018--Law Offices of Howard G. Smith announces an investigation on behalf of McKesson Corporation (“McKesson” or the “Company”) (NYSE: MCK ) investors concerning the Company and its officers’ possible violations of federal securities laws.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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/20181126005740/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2018.
PUB: 11/26/2018 04:05 PM/DISC: 11/26/2018 04:05 PM