An investigation on behalf of investors in Koninklijke Philips N.V. (NYSE:PHG) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 11/05/2021 -- 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 email@example.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.
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.
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