In Re McKesson HBOC, Inc. Securities Litigation

ORDER REGULATING CERTAIN SOLICITATION PRACTICES AND STRIKING DECLARATIONS

The request of lead plaintiff to prohibit and remedy certain solicitation practices was heard by the court on March 31, 2000. The court has read the moving and responding papers and heard the argument of counsel. For the reasons set forth below, the court enters an order regulating certain solicitation practices and remedying the effects of solicitations already sent to class members. The court also strikes three expert declarations proffered by the Much Shelist firm.

I. BACKGROUND

This is a putative securities class action alleging massive market losses based on revelations by defendant McKesson HBOC, Inc. that HBOC, one of its predecessor corporations, improperly recognized some 40 million dollars in revenues.

A. General Background

In November 1999, the court consolidated 53 class action complaints relating to the alleged accounting fraud at HBOC. In consolidating the class actions, the court expressly rejected the argument of numerous plaintiffs’ attorneys that speculations about purported conflicts among class members militated against consolidation. In particular, the court declined to maintain…