Faruqi & Faruqi, LLP Announces Investigation of Hospira, Inc.
23 Novembro 2011 - 10:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm, is
investigating potential securities fraud at Hospira, Inc.
(“Hospira” or the “Company”) (NYSE: HSP).
The investigation focuses on whether the Company and its
executives violated federal securities laws by failing to disclose
that: (1) Hospira was experiencing major quality control issues
which jeopardized the financial viability of the Company’s “Project
Fuel” program – which was designed to optimize Hospira shareholder
value; (2) Hospira was unable to remedy problems identified in FDA
Warning Letters related to the Company’s infusion pumps, quality
control deficiencies and manufacturing weaknesses; (3) Company
revenue guidance for 2010 and 2011 was inaccurate and lacked a
reasonable basis when made; and (4) the Company and certain
individuals’ statements regarding the Company’s financial
performance and expected earnings were false and misleading and
lacked a reasonable basis when made.
Request more information now by clicking here:
www.faruqilaw.com/HSP
On October 18, 2011, Hospira announced disappointing preliminary
third quarter financial results and slashed full-year guidance,
blaming a production disruption at the Company’s Rocky Mount, North
Carolina factory, responsible for roughly 25% of Hospira sales. 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.
Take Action
If you purchased Hospira securities between March 24, 2009, and
October 17, 2011, and would like to discuss your legal rights,
visit www.faruqilaw.com/HSP. You can also contact us by calling
Richard Gonnello or Francis McConville toll free at 877-247-4292 or
at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com
or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding Hospira’s conduct to
contact the firm, including whistleblowers, former employees,
shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with
respect to any future matter. We welcome the opportunity to discuss
your particular case. All communications will be treated in a
confidential matter.
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