LOS ANGELES -- (Business Wire)

Headline of release dated December 23, 2011 should read: Glancy Binkow & Goldberg LLP Announces That a Class Action Lawsuit Against Hospira, Inc. Has Been Filed and the Lead Plaintiff Deadline is January 20, 2012 (sted Glancy Binkow & Goldberg LLP Announces That a Class Action Lawsuit Against Hospira, Inc. Has Been Filed and the Lead Plaintiff Deadline is February 12, 2012). Please also note revised second and third graphs.

The corrected release reads:

GLANCY BINKOW & GOLDBERG LLP ANNOUNCES THAT A CLASS ACTION LAWSUIT AGAINST HOSPIRA, INC. HAS BEEN FILED AND THE LEAD PLAINTIFF DEADLINE IS JANUARY 20, 2012

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Illinois on behalf of investors who purchased common stock of Hospira, Inc. ("Hospira" or the "Company") (NYSE:HSP) between March 24, 2009 and October 17, 2011, inclusive (the “Class Period”) alleging violations of the Securities and Exchange Act of 1934 (the “Complaint”).

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 – and 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. According to the Complaint, on October 18, 2011, the Company announced disappointing preliminary third quarter financial results and slashed full-year revenue 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 disruption to the impact of an ongoing FDA investigation.

If you purchased Hospira common stock during the Class Period and suffered a loss, you have until January 20, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To be a member of the class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent class member. 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 Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts:

Glancy Binkow & Goldberg LLP
Michael Goldberg, Esquire
(310) 201-9150
Toll Free (888) 773-9224
shareholders@glancylaw.com
http://www.glancylaw.com

Source: Glancy Binkow & Goldberg LLP