Dutch medical device maker Philips says it's reached a $1.1 billion deal in the United States to settle lawsuits over faulty ...
Dutch medical device maker Philips said Monday it had reached a $1.1 billion deal in the United States to settle lawsuits over faulty sleep machines in a case that has rocked the company.
Philips and Philips Respironics will pay $1.1 billion to settle personal injury litigation in the United States in connection to the issues over its sleep therapy devices. The settlement ...
Philips said it had agreed to pay $1.1 billion to settle all personal injury claims filed in the U.S., ending uncertainty that had slashed its market value over the past three years.
During its first-quarter earnings report this week, Philips, the health technology company, announced it agreed to pay $1.1 ...
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Philips’ market valuation still remains 35% lower than before the start of the issues, which have seen the company swap out its chief executive officer and cut 10,000 positions to save costs.
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Medical device company Philips reached a settlement Monday to shell out $1.1 billion to cover hundreds of personal injury lawsuits linked to its respiration and sleep apnea machines. The ...
Philips, which has recalled millions of CPAP machines, announced a $1.1 billion settlement Monday to resolve litigation in the United States over faulty sleep apnea devices. (Rachel Wisniewski for ...
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Philips said the settlement payments are expected to take place in 2025 and will be funded through cash flow generation.