Philips stock soared nearly 30% on Monday to over $27 after the the Dutch medical device maker announced it has agreed to pay ...
Philips shares surge on US recall settlement news Bart H. Meijer Updated Mon, Apr 29, 2024, 2:11 PM 3 min read Link ... CEO Roy Jakobs declined to say whether the bill was smaller than he had feared.
The proposed settlement will effectively end more than 700 lawsuits filed after the 2021 recall of millions of the company’s ...
The settlement comes after a yearslong legal battle concerning 15 million recalled DreamStation CPAP and other respiration ...
Philips has a renewed focus, says CEO Roy Jakobs, now that the company has resolved additional settlements and finalized a ...
Philips has reached a $1.1 billion agreement to settle claims from about 58,000 people stemming from its yearslong recall of ...
Medical device maker Philips will pay $1.1 billion to settle personal injury lawsuits in the U.S. over its defective sleep ...
Philips shares surged 35% early on Monday as the medical devices maker announced a smaller-than-expected settlement to ...
Philips Respironics received thousands of complaints about a dangerous defect in its breathing machines but kept them secret for years as stock prices soared. The devices, including the popular ...
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 ...