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Notice of Initial Distribution of Net Settlement Funds
Date:6/2/2008

SAN JOSE, Calif., Jun. 2 /PRNewswire/ -- The following release was issued today by Thomas P. DiNapoli, Comptroller of the State of New York, as Trustee of the New York State Common Retirement Fund, the Lead Plaintiff in the In re McKesson HBOC, Inc. Securities Litigation.

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN JOSE DIVISION

In re McKESSON HBOC, INC. (NYSE: MCK) SECURITIES LITIGATION

Master File No. 99-CV-20743 RMW (PVT)

And Related Cases

CLASS ACTION

This Document Relates To: ALL ACTIONS.

TO: (1) ALL PERSONS AND ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED PUBLICLY TRADED SECURITIES OF HBO & COMPANY ("HBOC") DURING THE PERIOD FROM JANUARY 20, 1997 THROUGH AND INCLUDING JANUARY 12, 1999, AND ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED CALL OPTIONS OR SOLD PUT OPTIONS OF HBOC DURING THE PERIOD FROM JANUARY 20, 1997 THROUGH AND INCLUDING APRIL 27, 1999;

(2) ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED PUBLICLY TRADED SECURITIES OR CALL OPTIONS, OR WHO SOLD PUT OPTIONS, OF MCKESSON OR OF MCKESSON HBOC, INC. DURING THE PERIOD FROM OCTOBER 18, 1998 THROUGH AND INCLUDING APRIL 27, 1999; AND

(3) ALL PERSONS OR ENTITIES WHO HELD MCKESSON COMMON STOCK ON NOVEMBER 27, 1998 AND STILL HELD THOSE SHARES ON JANUARY 12, 1999; AND WHO WERE INJURED THEREBY.

Pursuant to the Court's Order dated February 14, 2008, an initial distribution of the Net Settlement Funds in In re McKesson HBOC, Inc. Securities Litigation, Case No. 99-CV-20743 RMW (PVT), recently has been made to all Settlement Class Members who submitted a Claim to the Claims Administrator, Analytics Incorporated, and who did not receive from the Claims Administrator notice that such Claim had been recommended for complete rejection. If you submitted such a timely Claim to the Claims Administrator in connection with the McKesson HBOC Settlement or the Arthur Andersen LLP Settlement, and you did not receive notice that your Claim has been or will be recommended for complete rejection, you should have received an initial distribution check. If you submitted a timely Claim and did not receive a rejection notice, but, also, did not receive an initial distribution check, you must immediately notify the Claims Administrator, as follows:

In re McKesson HBOC Sec. Litig.

c/o Analytics Incorporated, Claims Administrator

P.O. Box 2005

Chanhassen, MN 55317-2005

Tel: 1-866-217-3485 (toll free)

FAILURE TO NOTIFY THE CLAIMS ADMINISTRATOR WITHIN 30 DAYS OF THE DATE OF THIS NOTICE THAT YOU SUBMITTED A TIMELY CLAIM AND DID NOT RECEIVE A NOTICE OF REJECTION, BUT DID NOT RECEIVE AN INITIAL DISTRIBUTION CHECK, WILL RESULT IN THE FORFEITURE OF YOUR ENTIRE CLAIM.

Lead Counsel identified below are available to answer questions from Settlement Class Members concerning the initial distribution or other claims processing matters:

BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP

David R. Stickney

Timothy A. DeLange

12481 High Bluff Drive, Suite 300

San Diego, CA 92130

Tel: (858) 793-0070

Fax: (858) 793-0323

BARRACK, RODOS & BACINE

Leonard Barrack

M. Richard Komins

3300 Two Commerce Square

2001 Market Street

Philadelphia, PA 19103

Tel: (215) 963-0600

Fax: (215) 963-0838

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

DATED: May 16, 2008

BY ORDER OF THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA

Web site: http://www.barrack.com/

http://www.blbglaw.com/settlements/mckesson_securities.html/

http://www.mckessonhbocsettlement.com/


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SOURCE BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP; BARRACK, RODOS& BACINE
Copyright©2008 PR Newswire.
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