Deadline on October 15th coming up in Lawsuit for Investors in Koninklijke Philips N.V. (NYSE: PHG) shares

A deadline is coming up on October 15, 2021 in the lawsuit filed for certain investors of Koninklijke Philips N.V. (NYSE: PHG) over alleged securities laws violations by Koninklijke Philips N.V.

Investors who purchased shares of Koninklijke Philips N.V. (NYSE: PHG) have certain options and there are strict and short deadlines running. Deadline: October 15, 2021. NYSE: PHG stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges on behalf of purchasers of Koninklijke Philips N.V. (NYSE: PHG) common shares between February 25, 2020 and June 11, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 25, 2020 and June 11, 2021, the Defendants made false and/or misleading statements and/or failed to disclose that Philips had deficient product manufacturing controls or procedures, that as a result, the Company's Bi-Level PAP and CPAP devices and mechanical ventilators were manufactured using hazardous materials, that accordingly, the Company's sales revenues from the foregoing products were unsustainable, that the foregoing also subjected the Company to a substantial risk of a product recall, in addition to potential legal and/or regulatory action, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

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.

This release was published on openPR.