Company Website:
http://www.rosenlegal.com/cases-1219.html
NEW YORK -- (Business Wire)
Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of investors of
Koninklijke Philips N.V. (“Philips”) (NYSE: PHG) resulting from
allegations that Philips may have issued materially misleading business
information to the investing public.
On October 11, 2017, Philips announced it reached an agreement with the
U.S. Department of Justice to temporarily suspend the manufacture and
distribution of certain defibrillators for the U.S. market to allow
closer inspections and ensure it is in compliance with applicable U.S.
Food and Drug Administration regulations. Philips advised investors that
production would likely be halted until sometime in 2018 and could
reduce earnings before interest, taxes and amortization by nearly 20
million euros in the fourth quarter of 2017, and by an additional 60
million euros in 2018. On this news, shares of Philips fell during
intraday trading on October 11, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by Philips investors. If you purchased shares of Philips,
please visit the firm’s website at http://www.rosenlegal.com/cases-1219.html
for more information. You may also contact Phillip Kim or Kevin Chan of
Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm
or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation
by Institutional Shareholder Services for the number of securities class
action settlements annually obtained for investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171011006206/en/
Contacts:
The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin
Chan, Esq.
275 Madison Avenue, 34th Floor
New York,
NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax:
212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
Source: Rosen Law Firm
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