NEW YORK, Nov. 8, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at
Monteverde & Associates PC, a boutique securities firm
headquartered at the Empire State Building in New York City announces an investigation
against Koninklijke Philips N.V. (NYSE: PHG)("Philips" or the
"Company") for possible violations of federal securities laws.
The investigation focuses on whether Philips and certain of its
officers and/or directors violated federal securities laws.
On October 11, 2017, Philips
announced 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 and Drug Administration regulations. Philips 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. On this news,
shares of Philips fell during intraday trading on October 11, 2017.
Mr. Monteverde would like to personally discuss with you how
to potentially recover your monetary losses.
Click here for more information:
http://monteverdelaw.com/securities/. It is free
and there is no cost or obligation to you.
Monteverde & Associates PC is a boutique class action
securities and consumer litigation law firm committed that has
recovered millions of dollars and is committed to protecting
shareholders and consumers from corporate wrongdoing.
Monteverde & Associates PC lawyers have significant experience
litigating Mergers & Acquisitions and Securities Class Actions,
whereby they protect investors by recovering money and remedying
corporate misconduct. Mr. Monteverde, who leads the legal team at
the firm, has been recognized by Super Lawyers as a Rising Star in
Securities Litigation in 2013 and 2017, an award given to less than
2.5% of attorneys in a particular field.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave, Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2017 Monteverde & Associates
PC. Prior results do not guarantee a similar outcome with
respect to any future matter.
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