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.
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 ...
Shares of medical giant Philips surged Monday after the company announced that it paid over a billion dollars to settle personal injury claims tied to its recalled sleep apnea devices.
All three models boast "double-layer stainless steel blades imported from Sweden" for a clean, comfortable shave.
Philips said the settlement payments are expected to take place in 2025 and will be funded through cash flow generation.