I-Flow Corp. reported consolidated unaudited earnings results for third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $670,000 or $0.03 per diluted share on net revenues of $36,747,000 compared to net loss of $14,127,000 or $0.57 loss per diluted share on net revenues of $32,242,000 for the same period a year ago. Income before income taxes was $1,909,000 compared to loss before income taxes of $15,364,000 for the same period a year ago. For nine months period the company reported net loss of $1,790,000 or $0.07 loss per diluted share on net revenues of $104,756,000 compared to net loss of $26,089,000 or $1.05 loss per diluted share on net revenues of $95,973,000 for the same period a year ago. Income before income taxes was $987,000 compared to loss before income taxes of $28,194,000 for the same period a year ago.

Stull, Stull & Brody has commenced an investigation on behalf of shareholders of I-Flow Corp. for possible breaches of fiduciary duty and other violations of state law in connection with an agreement by I-Flow's Board of Directors to sell all of the Company's outstanding shares of common stock at a price of $12.65 per share in cash to Kimberly-Clark Corporation. The investigation concerns the price to be paid by Kimberly-Clark to I-Flow shareholders and the process by which I-Flow's Board of Directors is addressing the transaction. As recently as October 2, 2009, I-Flow's common stock traded at $12.95 per share.

Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of I-Flow Corporation. relating to the proposed acquisition Kimberly-Clark Corporation. Kimberly-Clark has agreed to acquire I-Flow in an all-cash deal valued at approximately $276 million. Under the proposed agreement, I-Flow shareholders will receive $12.65 for every share of I-Flow common stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the I-Flow board's approval of the proposed merger. The transaction appears to be unfair, in part, given that I-Flow stock was trading at $12.45 a share as recently as October 5, 2009 and $12.14 on September 28, 2009.