New York, New York--(Newsfile Corp. - October 13, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Koninklijke Philips N.V. (NYSE:PHG) alleging that the Company violated federal securities laws.
Class Period: February 25, 2020 and June 11, 2021
Lead Plaintiff Deadline: October 15, 2021
No obligation or cost to you.
Learn more about your recoverable losses in PHG:
Koninklijke Philips N.V. NEWS - PHG NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Koninklijke Philips N.V. made materially false and/or misleading statements and/or failed to disclose that: (i) Philips had deficient product manufacturing controls or procedures; (ii) as a result, the Company's Bi-Level PAP and CPAP devices and mechanical ventilators were manufactured using hazardous materials; (iii) accordingly, the Company's sales revenues from the foregoing products were unsustainable; (iv) the foregoing also subjected the Company to a substantial risk of a product recall, in addition to potential legal and/or regulatory action; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Philips you have until October 15, 2021 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Philips securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
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