{"id":505230,"date":"2021-06-21T14:12:05","date_gmt":"2021-06-21T18:12:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-continues-investigation-of-koninklijke-philips-n-v-phg-on-behalf-of-investors\/"},"modified":"2021-06-21T14:12:05","modified_gmt":"2021-06-21T18:12:05","slug":"the-law-offices-of-frank-r-cruz-continues-investigation-of-koninklijke-philips-n-v-phg-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-continues-investigation-of-koninklijke-philips-n-v-phg-on-behalf-of-investors\/","title":{"rendered":"The Law Offices of Frank R. Cruz Continues Investigation of Koninklijke Philips N.V. (PHG) on Behalf of Investors"},"content":{"rendered":"

<\/p>\n

The Law Offices of Frank R. Cruz Continues Investigation of Koninklijke Philips N.V. (PHG) on Behalf of Investors<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–The Law Offices of Frank R. Cruz<\/a> continues its investigation of Koninklijke Philips N.V. (\u201cPhilips\u201d or the \u201cCompany\u201d) (NYSE: PHG<\/a>) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.\n<\/p>\n

\nIf you are a shareholder who suffered a loss, click here<\/a> to participate.\n<\/p>\n

\nOn April 26, 2021, Philips announced its first quarter 2021 financial results and reported a EUR 250 million provision for \u201ca quality issue in a component that is used in certain sleep and respiratory care products.\u201d Specifically, the Company revealed \u201cpossible risks to users related to the sound abatement foam used in certain of Philips\u2019 sleep and respiratory care devices currently in use.\u201d\n<\/p>\n

\nOn this news, the Company\u2019s share price fell $2.32, or 3.8%, to close at $58.78 per share on April 26, 2021, thereby injuring investors.\n<\/p>\n

\nThen, on June 14, 2021, Philips issued a recall notification for certain devices \u201cto address identified potential health risks related to the polyester-based polyurethane (PE-PUR) sound abatement foam component in these devices.\u201d Moreover, it stated that \u201c[t]he majority of the affected devices within the advised 5-year service life are in the first-generation DreamStation product family.\u201d\n<\/p>\n

\nOn this news, the Company\u2019s share price fell $2.25, or 3.98%, to close at $54.25 per share on June 14, 2021, thereby injuring investors further.\n<\/p>\n

\nFollow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.\n<\/p>\n

\nIf you purchased Philips securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210621005718\/en\/<\/a><\/span><\/p>\n

\nThe Law Offices of Frank R. Cruz, Los Angeles
\n
Frank R. Cruz, 310-914-5007
\n
fcruz@frankcruzlaw.com
\n<\/a>
www.frankcruzlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Law Offices of Frank R. Cruz Continues Investigation of Koninklijke Philips N.V. (PHG) on Behalf of Investors LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz continues its investigation of Koninklijke Philips N.V. (\u201cPhilips\u201d or the \u201cCompany\u201d) (NYSE: PHG) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On April 26, 2021, Philips announced its first quarter 2021 financial results and reported a EUR 250 million provision for \u201ca quality issue in a component that is used in certain sleep and respiratory care products.\u201d Specifically, the Company revealed \u201cpossible risks to users related to the sound abatement foam used in certain of … <\/p>\n

Continue reading “The Law Offices of Frank R. Cruz Continues Investigation of Koninklijke Philips N.V. (PHG) on Behalf of Investors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-505230","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Law Offices of Frank R. Cruz Continues Investigation of Koninklijke Philips N.V. (PHG) on Behalf of Investors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-continues-investigation-of-koninklijke-philips-n-v-phg-on-behalf-of-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Law Offices of Frank R. Cruz Continues Investigation of Koninklijke Philips N.V. (PHG) on Behalf of Investors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The Law Offices of Frank R. Cruz Continues Investigation of Koninklijke Philips N.V. (PHG) on Behalf of Investors LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz continues its investigation of Koninklijke Philips N.V. (\u201cPhilips\u201d or the \u201cCompany\u201d) (NYSE: PHG) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On April 26, 2021, Philips announced its first quarter 2021 financial results and reported a EUR 250 million provision for \u201ca quality issue in a component that is used in certain sleep and respiratory care products.\u201d Specifically, the Company revealed \u201cpossible risks to users related to the sound abatement foam used in certain of … Continue reading "The Law Offices of Frank R. Cruz Continues Investigation of Koninklijke Philips N.V. 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