STEVENSON, Md., Aug. 18, 2016 (GLOBE NEWSWIRE) -- 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 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
