Investigation announced for Investors in Koninklijke Philips N.V. (NYSE: PHG) over potential Wrongdoing

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Koninklijke Philips N.V.

Investors who are investors in Koninklijke Philips N.V. (NYSE: PHG) shares, 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 for investors in NYSE: PHG stocks follows a lawsuit filed against Koninklijke Philips N.V. over alleged securities laws violations. The investigation on behalf of cu investors in NYSE: PHG stocks, concerns whether certain Koninklijke Philips officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that, 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.