After a massive recall of CPAP devices, a settlement has been made to compensate users for damages. Here’s how the money will ...
Royal Philips NV’s $1.1 billion settlement of US lawsuits targeting 5.5 million recalled sleep-apnea devices resolves only ...
The proposed settlement will effectively end more than 700 lawsuits filed after the 2021 recall of millions of the company’s ...
Q1 2024 Earnings Call Transcript April 29, 2024 Koninklijke Philips N.V. beats earnings expectations. Reported EPS is $0.28, ...
Philips has a renewed focus, says CEO Roy Jakobs, now that the company has resolved additional settlements and finalized a ...
Health technology company Royal Philips agreed to resolve personal injury litigation and medical-monitoring class action ...
Royal Philips CEO Roy Jakobs addressed the settlement during the earnings call. “Patient safety and quality is our highest ...
For $1.1 billion, Philips Respironics will settle personal injury and medical monitoring lawsuits related to the safety of its continuous positive airway pressure machines and respirators.
Monday’s announcement is another step toward resolving one of the biggest medical device recalls ... CEO Roy Jakobs said in a ...
Under a related deal, users who return devices by Aug. 9 can get an extra $100. As part of the recall, the company is ...
WASHINGTON — Medical device maker Philips said Monday it will pay $1.1 billion to settle hundreds of personal injury lawsuits in the U.S. over its defective sleep apnea machines, which have been subje ...
CEO Roy Jakobs said on the first-quarter ... will pay 540 million euros (about $577.6 million) to cover recall-related product liability claims. The clarity provided by the updates has helped Philips ...