{"id":505245,"date":"2021-06-21T16:03:26","date_gmt":"2021-06-21T20:03:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-announces-investigation-of-koninklijke-philips-n-v-phg-on-behalf-of-investors\/"},"modified":"2021-06-21T16:03:26","modified_gmt":"2021-06-21T20:03:26","slug":"investor-alert-law-offices-of-howard-g-smith-announces-investigation-of-koninklijke-philips-n-v-phg-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-announces-investigation-of-koninklijke-philips-n-v-phg-on-behalf-of-investors\/","title":{"rendered":"INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Koninklijke Philips N.V. (PHG) on Behalf of Investors"},"content":{"rendered":"

<\/p>\n

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Koninklijke Philips N.V. (PHG) on Behalf of Investors <\/b><\/p>\n

BENSALEM, Pa.–(BUSINESS WIRE<\/a>)–
\nLaw Offices of Howard G. Smith announces an investigation on behalf of Koninklijke Philips N.V. (\u201cPhilips\u201d or the \u201cCompany\u201d) (NYSE: PHG<\/a>) investors concerning the Company\u2019s possible violations of federal securities laws.\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

\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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com<\/a>, or visit our website at www.howardsmithlaw.com<\/a>.\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\/20210621005741\/en\/<\/a><\/span><\/p>\n

\nLaw Offices of Howard G. Smith
\n
Howard G. Smith, Esquire
\n
215-638-4847
\n
888-638-4847
\n
howardsmith@howardsmithlaw.com
\n<\/a>
www.howardsmithlaw.com<\/a><\/p>\n

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

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

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Koninklijke Philips N.V. (PHG) on Behalf of Investors BENSALEM, Pa.–(BUSINESS WIRE)– Law Offices of Howard G. Smith announces an investigation on behalf of Koninklijke Philips N.V. (\u201cPhilips\u201d or the \u201cCompany\u201d) (NYSE: PHG) investors concerning the Company\u2019s possible violations of federal securities laws. 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 Philips\u2019 sleep and respiratory care devices currently in use.\u201d On this news, the … <\/p>\n

Continue reading “INVESTOR ALERT: Law Offices of Howard G. Smith Announces 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-505245","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Koninklijke Philips N.V. 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(\u201cPhilips\u201d or the \u201cCompany\u201d) (NYSE: PHG) investors concerning the Company\u2019s possible violations of federal securities laws. 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 Philips\u2019 sleep and respiratory care devices currently in use.\u201d On this news, the … Continue reading "INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Koninklijke Philips N.V. 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