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Sunday, September 11, 2022

Dutch shareholders threaten to sue Philips over recall

 

Dutch shareholders association VEB is threatening to take Philips to court over its handling of a worldwide recall of respiratory machines, claiming it caused billions in losses by giving incorrect information to shareholders, Dutch paper FD reported on Monday citing a letter the VEB sent the company.

Philips confirmed it had received a letter from the VEB on Sunday night, providing no details of its content.

https://www.marketscreener.com/quote/stock/PHILIPS-NV-6289/news/Dutch-shareholders-threaten-to-sue-Philips-over-recall-media-41748303/

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