Philips settled a breathing machine recall case and it sent the stock soaring
Philips stock soared nearly 30% on Monday to over $27 after the the Dutch medical device maker announced it has agreed to pay ...
Philips agrees to pay $1.1 billion settlement after wide-ranging CPAP machine recall
The settlement comes after a yearslong legal battle concerning 15 million recalled DreamStation CPAP and other respiration ...
MM&M8d
Philips agrees to pay $1 billion to patients who say they were injured by breathing machines
The proposed settlement will effectively end more than 700 lawsuits filed after the 2021 recall of millions of the company’s ...
Philips pays $1.1B to settle sleep apnea device suits
Philips Respironics announced that it agreed to pay over a billion dollars to settle claims stemming from the 2021 U.S.
Philips shares surge on US recall settlement news
Philips shares surged 35% early on Monday as the medical devices maker announced a smaller-than-expected settlement to ...
CNN on MSN8d
Philips reaches $1.1 billion settlement for CPAP machine lawsuits, admits no fault or liability
Royal Philips CEO Roy Jakobs addressed the settlement during the earnings call. “Patient safety and quality is our highest ...
FierceBiotech9d
Philips signs $1.1B settlement in CPAP recall injury litigation, takes $578M insurance payout
Philips has reached a $1.1 billion agreement to settle claims from about 58,000 people stemming from its yearslong recall of ...
Philips will pay $1.1 billion to resolve US lawsuits over breathing machines that expel debris
Monday’s announcement is another step toward resolving one of the biggest medical device recalls ... CEO Roy Jakobs said in a ...