DALLAS, April 10, 2017 /PRNewswire/ -- Kimberly-Clark Corporation (NYSE:KMB) today announced it will challenge therecent verdict in a California class action lawsuit involving MicroCool surgical gowns sold by Halyard Health, its former health care business.
Nearly seventy million MicroCool gowns have been sold without a single
Based on its confidence in the success of its challenge to the verdict, as well as an indemnification agreement with co-defendant Halyard Health, (which was spun off from Kimberly-Clark at the end of 2014) under which Halyard Health must cover Kimberly-Clark's losses, claims and expenses related to this litigation, Kimberly-Clark believes the final outcome of this litigation will not result in any material financial exposure for the company.
About Kimberly-Clark Kimberly-Clark (NYSE: KMB) and its well-known global brands are an indispensable part of life for people in more than 175 countries. Every day, nearly a quarter of the world's population trust Kimberly-Clark's brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds No. 1 or No. 2 share positions in more than 80 countries. To keep up with the latest news and to learn more about the Company's 145-year history of innovation, visit www.kimberly-clark.com or follow us on Facebook or Twitter.
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SOURCE Kimberly-Clark Corporation
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