Class action against Philips launched


Pomerantz Law Firm started a class action lawsuit against Philips on behalf of investors who bought shares in the company between 25 February 2020 and 11 June 2021. This was announced on Wednesday evening.

Pomerantz wants investors to be compensated for the” significantly incorrect and misleading ” statements made by Philips regarding the recall of ventilators in the United States.

The stock was under considerable pressure after the announcement of the recall. Wednesday the stock closed at 39.41 euros.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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