NEW YORK, May 2, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Halyard Health, Inc. ("Halyard" or the "Company") (NYSE: HYH).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that it had deliberately sold defective Ebola virus protective equipment to health-care workers following the recent outbreak.
Specifically, on May 1, 2016, 60 Minutes aired a report that Halyard knowingly provided defective surgical gowns to U.S. workers at the height of the Ebola crisis. An insider of Halyard Health claimed that the Company manufactured and sold surgical gowns that would leak and did not consistently meet the industrial safety standards in the treatment of Ebola.
Since the allegation has reached the market, Halyard's share price has fallen from a closing price of $31.50 per share on April 28, 2016 to a closing price of $26.95 on May 2, 2016—a $4.55 or 14.4% drop.
Request more information now by clicking here: www.faruqilaw.com/HYH. There is no cost or obligation to you.
If you invested in Halyard securities and would like to discuss your legal rights, visit www.faruqilaw.com/HYH. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Halyard's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP