Mon, January 9, 2012
BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that all persons or entities who purchased the common stock of Hospira, Inc. (aHospiraa or the aCompanya) (NYSE:HSP) between March 24, 2009 and October 17, 2011, inclusive (the aClass Perioda), have until January 20, 2012 to move the Court to serve as lead plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Northern District of Illinois.
Hospira is a specialty pharmaceutical and medication delivery company that develops, manufactures and markets products that help improve the safety and productivity of patient care. The Complaint alleges violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period that Hospira suffered from extensive quality control issues which undermined both the viability of and the supposed financial savings that would be generated by Project Fuel, a Company program designed to optimize the Companyas operations and increase shareholder value. The Complaint further alleges that Hospira was unable to remedy problems identified in FDA Warning Letters related to the Company's infusion pumps, quality control deficiencies, and manufacturing weaknesses.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased Hospira common stock between March 24, 2009 and October 17, 2011, you have certain rights, and have until January 20, 2012 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice 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 [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].
