ACT NOW: Monteverde & Associates PC Announces an Investigation of Koninklijke Philips N.V., Inc. - PHG

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
[email protected] 
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.

SOURCE Monteverde & Associates PC

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