LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed against Halyard Health, Inc. (“Halyard” or the “Company) (HYH) and Kimberly-Clark Corporation (“Kimberly-Clark” or the “Company”) (KMB) on behalf of investors who (1) purchased or otherwise acquired Kimberly-Clark securities on or after February 25, 2013 and subsequently received Halyard shares pursuant to Kimberly-Clark's spin-off of Halyard, effective as of October 31, 2014; and/or (2) purchased or otherwise acquired Halyard securities between October 21, 2014 and April 29, 2016, inclusive (collectively, the "Class Period").
Investors suffering losses on their Halyard and/or Kimberly-Clark investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to firstname.lastname@example.org.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company's MICROCOOL surgical gowns constantly failed its tests to meet industry standards; (2) Kimberly-Clark and Halyard knew of the defects and still provided MICROCOOL surgical gowns to U.S. workers during the Ebola crisis; and (3) consequently, Defendants' public statements were materially false and misleading at all relevant times.
On May 1, 2016, 60 Minutes reported that Halyard knowingly supplied defective surgical gowns to U.S. workers during the apex of the Ebola crisis. An anonymous Company insider asserted that Halyard produced and sold surgical gowns that were susceptible to leaks and failed to consistently meet the industrial safety standards for the treatment of Ebola.
On this news, shares of Halyard stock fell over 4% on May 2, 2016.
If you purchased shares of Halyard and/or Kimberly-Clark during the Class Period you may move the Court no later than August 29, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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