Pomerantz Appointed Lead Counsel in Koninklijke Philips Securities Litigation

On November 3, 2021, U.S. District Judge Margo K. Brodie of the Eastern District of New York appointed Pomerantz LLP as Lead Counsel on behalf of Richard Sun, Lead Plaintiff in Patel v. Koninklijke Philips N.V., 21-cv-4606 (E.D.N.Y.), a securities action brought on behalf of a class of defrauded investors concerning allegations that Koninklijke Philips N.V. had deficient manufacturing controls and procedures that subjected it to product recalls, diminished revenue and potential legal action. Philips operates as a health technology company in North America, Greater China…