CHICAGO--(BUSINESS WIRE)--The following statement is being issued by Robbins Geller Rudman & Dowd LLP pursuant to an Order of the United States District Court, Northern District of Illinois.
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CITY OF STERLING HEIGHTS GENERAL |
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EMPLOYEES’ RETIREMENT SYSTEM, |
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Individually and on Behalf of All Others Similarly |
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Situated, |
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| Plaintiff, |
No. 1:11-cv-08332-AJS |
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| HOSPIRA, INC., et al., | |||||||||
| Defendants. |
TO: ALL PERSONS WHO PURCHASED OR OTHERWISE ACQUIRED THE PUBLICLY TRADED COMMON STOCK OF HOSPIRA, INC. (“HOSPIRA” OR THE “COMPANY”) BETWEEN FEBRUARY 4, 2010 AND OCTOBER 17, 2011, INCLUSIVE (“CLASS PERIOD”)
YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Northern District of Illinois, a hearing will be held on August 5, 2014, at 8:30 a.m., before the Honorable Amy J. St. Eve, United States District Judge, at the Everett McKinley Dirksen United States Courthouse, Courtroom 1241, 219 South Dearborn Street, Chicago, IL 60604, for the purpose of determining (1) whether the proposed settlement of the Action for the sum of Sixty Million Dollars ($60,000,000.00) in cash should be approved by the Court as fair, reasonable, and adequate, which would result in this Action being dismissed with prejudice against the Released Persons as set forth in the Settlement Agreement dated March 27, 2014; (2) whether the Plan of Distribution of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (3) the reasonableness of the application of Lead Counsel for the payment of attorneys’ fees and expenses in connection with this Action, together with interest thereon.
If you purchased or otherwise acquired Hospira publicly traded common stock, your rights may be affected by this Action and the settlement thereof. If you have not received a detailed Notice of Pendency of Class Action and Proposed Settlement, Motion for Attorneys’ Fees and Settlement Fairness Hearing and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Hospira Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or by downloading this information at www.hospirasecuritiessettlement.com. If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release form postmarked or submitted online no later than July 21, 2014, establishing that you are entitled to a recovery. You will be bound by any judgment rendered in the Action unless you request to be excluded, in writing, to the above address, postmarked by July 15, 2014.
Any objection to any aspect of the settlement must be filed with the Clerk of the Court and received by the following no later than July 15, 2014:
| ROBBINS GELLER RUDMAN | MOTLEY RICE LLC | |||||||||||
| & DOWD LLP | JAMES M. HUGHES | |||||||||||
| ELLEN GUSIKOFF STEWART | 28 Bridgeside Blvd. | |||||||||||
| 655 West Broadway, Suite 1900 | Mount Pleasant, SC 29464 | |||||||||||
| San Diego, CA 92101 | ||||||||||||
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Counsel for Lead Plaintiffs |
| KIRKLAND & ELLIS LLP |
| JOSHUA Z. RABINOVITZ |
| 300 North LaSalle |
| Chicago, IL 60654 |
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Counsel for Defendants |
PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.
Dated April 1, 2014
BY ORDER OF THE COURT
UNITED STATES DISTRICT COURT
NORTHERN
DISTRICT OF ILLINOIS