NEW YORK, Oct. 26, 2017 /PRNewswire/ -- Rosen Law Firm, a
global investor rights law firm, announces it is continuing to investigate potential securities claims on behalf of investors of
Koninklijke Philips N.V. ("Philips") (NYSE: PHG) resulting from allegations that Philips may have issued materially
misleading business information to the investing public.
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.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Philips investors. If you purchased shares of
Philips, please visit the firm's website at http://www.rosenlegal.com/cases-1219.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via
email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and
shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder
Services for the number of securities class action settlements annually obtained for investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A.