Investor Alert: Kahn Swick & Foti, LLC and Partner Former Louisiana Attorney General Remind Investors With Large Financial In...
07 Dezembro 2011 - 9:17PM
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until January 20, 2012 to file lead
plaintiff applications in a securities class action lawsuit against
Hospira, Inc. ("Hospira") (NYSE:HSP), if they purchased the
Company's common stock between March 24, 2009 and October 17, 2011
(the "Class Period"). The lawsuit was filed in the United States
District Court for the Northern District of Illinois.
What You May Do
If you purchased shares of Hospira and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, e-mail or call KSF Managing Partner, Lewis Kahn
(lewis.kahn@ksfcounsel.com), toll free, 877-515-1850, or via cell
phone any time at 504-301-7900, or KSF Director of Client
Relations, Neil Rothstein, Esq. (neil.rothstein@ksfcounsel.com),
toll free at 877-694-9510, or via cell phone any time at
330-860-4092. If you wish to serve as a lead plaintiff in this
class action by overseeing lead counsel with the goal of obtaining
a fair and just resolution, you must request this position by
application to the Court by January 20, 2012. Any member of the
putative class may move the Court to serve as lead plaintiff
through counsel of their choice, or may choose to do nothing and
remain an absent class member. KSF also encourages anyone with
information regarding Hospira's conduct during the period in
question to contact the firm, including whistleblowers, former
employees, shareholders and others.
About the Lawsuit
The complaint charges Hospira and certain of its officers and
directors with violations of the Securities Exchange Act of 1934.
On October 18, 2011, the Company announced disappointing
preliminary third quarter financial results and slashed full-year
guidance, pointing to a production disruption at its Rocky Mount,
North Carolina manufacturing plant, which accounted for
approximately 25% of the Company's sales. The Company attributed
the production slowdown to the impact of an ongoing FDA
investigation.
The result of the Company's negative results was a 21% drop in
the price of Hospira common stock, which fell $7.85 per share to
close at $29.51 per share on October 18, 2011.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities
class action and shareholder derivative litigation with offices in
New York and Louisiana. KSF's lawyers have significant experience
litigating complex securities class actions nationwide on behalf of
both institutional and individual shareholders.
To learn more about KSF, you may visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850
or after hours via cell phone 504-301-7900
lewis.kahn@ksfcounsel.com
206 Covington St.
Madisonville, LA 70447
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