Company Website:
https://goldberglawpc.com/
LOS ANGELES -- (Business Wire)
Goldberg
Law PC, a national shareholder rights litigation firm, announces
that it is investigating claims on behalf of investors of Koninklijke
Philips (“Koninklijke” or the “Company”) (NYSE: PHG).
If you purchased or otherwise acquired Koninklijke shares, and would
like more information about the investigation, we encourage you to
contact Michael Goldberg
or Brian Schall, of
Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA
90067, at 800-977-7401, to discuss your
rights without cost to you.
You can also reach us through the firm’s website at http://www.Goldberglawpc.com,
or by email at info@goldberglawpc.com.
The investigation focuses on whether Koninklijke and certain of its
officers and/or directors violated federal securities laws. On October
11, 2017, the Company announced that 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 & Drug Administration regulations. The Company 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. Following this news, Koninklijke’s stock price
dropped.
If you have any questions concerning your legal rights, please
immediately contact Goldberg Law PC at 800-977-7401,
or visit our website at http://www.Goldberglawpc.com,
or email us at info@goldberglawpc.com.
Goldberg Law PC represents investors around the world, and specializes
in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171011006338/en/
Contacts:
Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian
Schall, Esq., 800-977-7401
info@goldberglawpc.com
http://www.Goldberglawpc.com
Source: Goldberg Law PC
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