Dutch medical device maker Philips says it's reached a $1.1 billion deal in the United States to settle lawsuits over faulty ...
By Bart H. Meijer AMSTERDAM (Reuters) -Philips shares surged 33% at the start of trading on Monday, as the Dutch medical ...
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.
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Philips said the settlement payments are expected to take place in 2025 and will be funded through cash flow generation.