Press release
Investigation announced for Investors in shares of Koninklijke Philips N.V. (NYSE: PHG)
An investigation for investors in Koninklijke Philips N.V. (NYSE: PHG) shares over potential securities laws violations.
Investors who purchased shares of Koninklijke Philips N.V. (NYSE: PHG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Koninklijke Philips N.V. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Netherlands based Koninklijke Philips N.V. operates as a health technology company in North America, Greater China, and internationally. Koninklijke Philips N.V. reported that its annual Total Revenue rose from over 19.48 billion EUR in 2019 to over 19.53 billion EUR, and that its Net Income increased from 1.16 billion EUR in 2019 to 1.18 billion EUR in 2020.
On June 14, 2021, Koninklijke Philips N.V. issued a voluntary recall of certain of its Bi-Level Positive Airway Pressure (Bi-Level PAP) and Continuous Positive Airway Pressure (CPAP) devices, as well as mechanical ventilators, after finding that the sound abatement foam used in the devices can degrade and become toxic, potentially causing cancer.
Shares of Koninklijke Philips N.V. (NYSE: PHG) declined to as low as $50.57 per share on June 21, 2021.
Those who purchased shares of Koninklijke Philips N.V. (NYSE: PHG) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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