IMPORTANT NOTICE TO SHAREHOLDERS: Brower Piven Notifies Shareholders of Securities Class Action Lawsuit And Encourages Inves...
June 29 2016 - 10:00PM
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the Southern
District of New York on behalf of a class consisting of all persons
other than Defendants who purchased or acquired Kimberly-Clark
Corporation (“Kimberly-Clark”) (NYSE:KMB) securities on or after
February 25, 2013 and consequently received Halyard Health, Inc.
(“Halyard”) (NYSE:HYH) shares pursuant to Kimberly-Clark’s spin-off
of Halyard, effective as of October 31, 2014, and/or purchased or
acquired Halyard securities between October 21, 2014 and April 29,
2016, both dates inclusive (collectively, the “Class Period”).
Investors with losses in excess of $100,000 who wish to become
proactively involved in the litigation have until August 29, 2016
to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you
and the Class, you must apply to be appointed lead plaintiff and be
selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether
to accept a settlement for the Class in the action. The lead
plaintiff will be selected from among applicants claiming the
largest loss from investment in Kimberly-Clark and/or Halyard
securities during the Class Period. Members of the Class will be
represented by the lead plaintiff and counsel chosen by the lead
plaintiff. No class has yet been certified in the above action.
The complaint accuses the defendants of
violations of the Securities Exchange Act of 1934 by virtue of the
defendants’ failure to disclose during the Class Period that the
Company’s MICROCOOL surgical gowns consistently failed
effectiveness tests and failed to meet industry standards and
Kimberly-Clark Corporation, the Company’s former parent company,
and Halyard had knowingly provided defective MICROCOOL surgical
gowns to U.S. workers during the Ebola crises.
According to the complaint, following a May 1,
2016 60 Minutes report that Kimberly-Clark and Halyard had
knowingly provided defective surgical gowns to U.S. workers at the
height of the Ebola crises, the value of Halyard shares declined
significantly.
If you have suffered a loss from investment in
Kimberly-Clark and/or Halyard securities during the Class Period
and would like to learn more about this lawsuit and your ability to
participate as a lead plaintiff, without cost or obligation to you,
please visit our website at
http://www.browerpiven.com/currentsecuritiescases.html. You may
also request more information by contacting Brower Piven either by
email at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Brower Piven also encourages anyone with information regarding the
Company’s conduct during the period in question to contact the
firm, including whistleblowers, former employees, shareholders and
others.
Attorneys at Brower Piven have extensive
experience in litigating securities and other class action cases
and have been advocating for the rights of shareholders since the
1980s. If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain
other counsel of your choice. You need take no action at this time
to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
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