The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased or otherwise acquired: (a) securities of Kimberly-Clark Corporation (“KMB”) (NYSE: KMB) on or after February 25, 2013 and subsequently received Halyard Health, Inc. (NYSE: HYH) securities pursuant to the KMB spin-off of Halyard, effective as of October 31, 2014; and/or (b) Halyard securities between October 21, 2014 and April 29, 2016.
On October 7, 2014, KMB announced the spin-off of its Health Care segment as Halyard and announced that KMB shareholders would receive one Halyard share for every 8 shares of KMB stock they owned. Then on May 1, 2016, a report on 60 Minutes reported that KMB and Halyard had knowingly provided defective surgical gowns to U.S. workers at the height of the Ebola crisis. According to a Company insider, Halyard’s MICROCOOL surgical gowns were prone to leaks and did not consistently meet industry safety standards for the treatment of Ebola, yet KMB and Halyard had nonetheless continued to aggressively market the MICROCOOL gowns to hospitals during this epidemic.
If you suffered a loss in Halyard you have until August 29, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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