Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against Hospira, Inc.
30 Dezembro 2011 - 12:30AM
Business Wire
Law Offices of Howard G. Smith announces that all persons or
entities who purchased the common stock of Hospira, Inc. (“Hospira”
or the “Company”) (NYSE:HSP) between March 24, 2009 and October 17,
2011, inclusive (the “Class Period”), 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 Company’s 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.
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