May 06, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Halyard Health Inc (NYSE:HYH) shares over potential securities laws violations by Halyard Health and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Halyard Health Inc (NYSE:HYH) concerning whether a series of statements by Halyard Health Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Alpharetta, GA based Halyard Health, Inc. seeks to advance health and healthcare by preventing infection, eliminating pain and speeding recovery. Its products include QUICK CHECK, SMART-FOLD, POWERGUARD, MICROCOOL and FLUIDSHIELD. On February 29, 2016, Halyard Health Inc announced its year end 2015 results and 2016 outlook. Halyard Health Inc reported that its annual Total Revenue declined from over $1.67 billion in 2013 to over $1.57 billion in 2015 and that its Net Income of $154.60 million in 2013 decreased to a Net loss of $426.30 million in 2015. Shares of Halyard Health Inc (NYSE:HYH) declined on March 1, 2016, to as low as $25.48 per share.
On May 1, 2016, CBS 60 Minutes reported that Halyard Health Inc allegedly deliberately sold defective protective equipment to health-care workers following the recent Ebola outbreak.
On May 2, 2016, Halyard Health Inc rejected the allegations regarding the safety of its MICROCOOL Gowns.
Shares of Halyard Health Inc (NYSE:HYH) declined on May 2, 2016, to $26.05 per share.