Pomerantz Law Firm Announces The Filing Of A Class Action Against Koninklijke Philips N.V. And Certain Officers - PHG - NewsBreak

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By Victor in Business
Updated 3 years ago

NEW YORK, Aug. 16, 2021 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Koninklijke Philips N.V. ("Philips" or the "Company") (PHG) - Get Report and certain of its officers. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 21-cv-04606, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Philips securities between February 25, 2020 and June 11, 2021, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

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