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This page provides the answers to class members' most frequently asked questions.

The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Notice of Proposed Settlement.

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Top Q: What is this litigation about?

A:

This Litigation was resolved by settlements with the various defendants, which were approved by the Court in February 2006, April 2007, and January 2008 and which resulted in an aggregate settlement amount of over $1.04 billion.

One of the settlements achieved in the Litigation was with Arthur Andersen LLP. Under the Stipulation of Settlement between Plaintiffs and Andersen dated December 19, 2006, the Settlement Class agreed to settle all claims against Andersen in exchange for $72.5 million plus the possibility of certain contingent payments. The current proposed settlement with Andersen for an additional $9.5 million will settle this contingent payment claim.

For additional details about the litigation, including details about this settlement, please refer to the Notice of Proposed Settlement.

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Top Q: What is a class action?

A:

In a class action, one or more people called class representatives (in this case the lead plaintiff is the New York State Common Retirement Fund) sue on behalf of people who have similar claims. All these people are a class or class members. McKesson HBOC Inc, Bear Stearns and Arthur Andersen, which are being sued, are the defendants. The court resolves the common issues for everyone in the class. The lawyers representing the class are called "class counsel".

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Top Q: What should I do?

A:

We cannot offer any advice as to what you should do. That said, you do not need to submit another proof of claim form to participate in the new settlement. The following are the deadlines regarding your rights:

If you wish to object to the proposed settlement with Andersen, you must mail your objection, in writing, as described in the Notice of Proposed Settlement. Please note that your objection must be received on or before January 18, 2013.

If you wish to be heard at the Settlement Hearing, you must file a notice of appearance, in writing, as described in the Notice of Proposed Settlement. Please note that your notice of appearance must be received on or before January 18, 2013.

If the Court approves this Settlement, if you previously cashed your third distribution check, and if your pro rata share of the next distribution would be at least $10, you will receive your share of this settlement following approval of this Settlement.

If you move, please contact the Claims Administrator to update your address.

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Top Q: How much will I get?

A:

The proposed Settlement between Lead Plaintiff and Arthur Andersen LLP will settle and release the Contingent Payment Claim in exchange for the payment of $9.5 million in cash by Andersen.

If the settlement is approved, the $9.5 million settlement amount less any taxes, notice and administration costs and any attorneys’ fees and expenses awarded by the Court will be distributed to those Class Members who filed a Valid proof of claim form, cashed their third distribution check, and whose pro rata share of the next distribution would be at least $10.00 will receive checks in the fourth distribution.

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Top Q: How do I contact Class Counsel?

A:

You may communicate with them by writing to:

     

McKesson HBOC Inc. Securities Litigation
c/o John C. Browne
Bernstein Litowitz Berger and Grossmann LLP
1285 Avenue of the Americas
New York, New York 10019

OR

McKesson HBOC Inc. Securities Litigation
c/o Jeffrey W. Golan
Barrack, Rodos & Bacine
3300 Two Commerce Square, 2001 Market Street
Philadelphia, Pennsylvania 19103

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Top Q: What is the Settlement Fairness Hearing?

A:

The Court will hold a hearing at 9:00 a.m., on February 8, 2013, at the United States District Court for the Northern District of California, in San Jose, CA. At the hearing, the Court will consider whether the proposed Settlement is fair, reasonable, and adequate and should be approved, and whether the motion by Lead Counsel for an award of attorney’s fees and reimbursement of expenses should be approved.

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Top Q: I received a notice from the Claims Administrator. What should I do?

A:

If you received a notice and wish to receive your share of the Settlement, you do not need to do anything. If you still have unanswered questions, please contact the Claims Administrator at:

In re McKesson HBOC Inc. Securities Litigation
c/o BMC Group Class Action Services
PO Box 2005
Chanhassen, MN 55317-2005
Phone: 1-866-217-3485
mckessonsettlement@bmcgroup.com

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