NEW ORLEANS, Aug. 22, 2016 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 29, 2016 to file lead plaintiff applications in a securities class action lawsuit against Halyard Health, Inc. (NYSE:HYH) and Kimberly-Clark Corporation (NYSE:KMB), if they (i) purchased Kimberly-Clark securities on or after February 25, 2013 and subsequently received Halyard securities pursuant to Kimberly-Clark’s spin-off of Halyard, effective as of October 31, 2014; and/or (ii) purchased Halyard securities between October 21, 2014 and April 29, 2016, both dates inclusive (collectively, the “Class Period”). ;This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased shares of Kimberly-Clark or Halyard and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 29, 2016.

About the Lawsuit

Kimberly-Clark, Halyard, and certain of their executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. ;

On May 1, 2016, 60 Minutes reported that Kimberly-Clark and Halyard had knowingly provided defective surgical gowns that were prone to leaks and did not consistently meet industry safety standards to U.S. workers at the height of the Ebola crisis.

On this news, the price of Halyard’s shares plummeted.